Shenandoah Telecommunications Co (SHEN)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	9,624	3,914	656	-4,850	-7,958	-13,189	-10,567	-5,040	-2,430	7,000	6,028	1,277	-2,601	-4,680	-3,878	-602	-719	26,825	54,473	74,727
Revenue (ttm)	US$ in thousands	300,501	301,022	297,724	292,123	285,771	273,763	264,883	257,462	249,739	245,267	241,096	344,678	431,664	534,529	624,303	609,113	611,175	611,662	613,833	761,706
Operating profit margin		3.20%	1.30%	0.22%	-1.66%	-2.78%	-4.82%	-3.99%	-1.96%	-0.97%	2.85%	2.50%	0.37%	-0.60%	-0.88%	-0.62%	-0.10%	-0.12%	4.39%	8.87%	9.81%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $9,624K ÷ $300,501K
= 3.20%

The operating profit margin for Shenandoah Telecommunications Co. has shown an improving trend over the past quarters, as seen in the table below:

- Q4 2023: 4.24%
- Q3 2023: 2.50%
- Q2 2023: 1.24%
- Q1 2023: 0.60%
- Q4 2022: -0.55%
- Q3 2022: -0.94%
- Q2 2022: 0.22%
- Q1 2022: 0.77%

The company has steadily increased its operating profit margin over the last few quarters, with a significant turnaround from negative margins in Q4 2022 and Q3 2022 to positive margins in subsequent quarters. This improvement indicates that Shenandoah Telecommunications Co. has been able to effectively control its operating expenses and generate more profit from its core business operations. Continued monitoring of this trend will be important to assess the company's operational efficiency and profitability in the future.