SJW Corporation (SJW)

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	149,435	163,327	144,323	139,567	130,978	112,260	108,432	114,669	111,159	103,782	111,891	115,322	117,670	99,396	74,597	60,498	57,479	68,945	77,689	78,517
Revenue (ttm)	US$ in thousands	670,363	670,399	641,537	633,692	620,698	589,061	580,003	583,203	573,686	569,649	568,589	563,557	564,526	554,664	502,798	458,554	420,482	393,362	404,218	400,339
Operating profit margin		22.29%	24.36%	22.50%	22.02%	21.10%	19.06%	18.70%	19.66%	19.38%	18.22%	19.68%	20.46%	20.84%	17.92%	14.84%	13.19%	13.67%	17.53%	19.22%	19.61%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $149,435K ÷ $670,363K
= 22.29%

SJW Group's operating profit margin has shown a general upward trend throughout the quarters presented. The company's operating profit margin was relatively low in Q1 2022 at 17.82% and improved steadily to reach its peak in Q3 2023 at 24.26%. This indicates an enhanced ability to manage operating costs and generate profits from its core business operations during this period. The average operating profit margin over the eight quarters analyzed is approximately 20.92%. Overall, the consistent increase in operating profit margin reflects improved operational efficiency and profitability for SJW Group.