SkyWest Inc (SKYW)

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	104,069	41,383	67,668	124,410	181,162	249,178	220,652	247,073	275,867	215,246	242,749	123,323	108,802	261,776	333,664	482,160	512,258	475,128	455,365	449,197
Revenue (ttm)	US$ in thousands	2,890,358	2,814,694	2,837,558	2,914,438	2,963,235	3,042,161	3,003,665	2,857,719	2,652,287	2,485,562	2,186,191	1,875,348	2,067,711	2,238,559	2,531,539	2,912,994	2,971,964	3,101,452	3,170,241	3,235,332
Operating profit margin		3.60%	1.47%	2.38%	4.27%	6.11%	8.19%	7.35%	8.65%	10.40%	8.66%	11.10%	6.58%	5.26%	11.69%	13.18%	16.55%	17.24%	15.32%	14.36%	13.88%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $104,069K ÷ $2,890,358K
= 3.60%

Based on the data provided, the operating profit margin of Skywest Inc. has exhibited fluctuations over the past eight quarters. The trend shows a gradual decline in the operating profit margin from 8.04% in Q3 2022 to 3.55% in Q4 2023. This downward trend may indicate challenges in managing operating expenses or generating sufficient revenue to cover costs effectively. The lowest point was observed in Q3 2023 at 1.44%, suggesting potential operational inefficiencies during that period. However, an uptick was noted in Q1 2023 and Q4 2023, showcasing some improvements in profitability. Overall, further analysis of the company's cost structure and revenue streams may be warranted to address the fluctuating operating profit margin and enhance financial performance.