Silicon Laboratories Inc (SLAB)
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 | -24,154 | 73,032 | 91,038 | 105,250 | 119,260 | 97,824 | 58,326 | 15,460 | -32,838 | -53,888 | -68,212 | -88,488 | -69,826 | -183,526 | -136,107 | -89,788 | -88,643 | 61,830 | 63,140 | 66,585 |
| Revenue (ttm) | US$ in thousands | 782,258 | 952,738 | 1,018,795 | 1,037,079 | 1,024,106 | 975,461 | 890,475 | 796,817 | 720,860 | 658,009 | 605,909 | 550,767 | 607,787 | 681,396 | 771,959 | 864,318 | 837,554 | 833,650 | 840,599 | 850,996 |
| Operating profit margin | -3.09% | 7.67% | 8.94% | 10.15% | 11.65% | 10.03% | 6.55% | 1.94% | -4.56% | -8.19% | -11.26% | -16.07% | -11.49% | -26.93% | -17.63% | -10.39% | -10.58% | 7.42% | 7.51% | 7.82% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-24,154K ÷ $782,258K
= -3.09%
Silicon Laboratories Inc's operating profit margin has shown fluctuating trends over the past few quarters. The company experienced negative operating profit margins in the last two quarters of 2023 and the first quarter of 2022, indicating that the company's operating expenses exceeded its operating income during these periods.
However, there was a positive turnaround in the subsequent quarters, with operating profit margins improving to above 6% starting from the second quarter of 2022. This improvement continued into 2023, with the operating profit margin gradually increasing to reach around 10% in the first quarter of 2023.
While Silicon Laboratories Inc faced challenges in profitability in the past, the recent positive trend in operating profit margins indicates a potential recovery and improved efficiency in managing operating expenses compared to operating income. It will be essential for the company to sustain this positive trajectory to ensure long-term financial health and stability.
Peer comparison
Dec 31, 2023