Synopsys Inc (SNPS)

Operating profit margin

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Operating income (ttm)	US$ in thousands	1,372,947	1,269,259	1,056,111	994,565	1,070,934	1,162,038	1,134,953	1,102,948	933,478	734,790	740,634	749,309	680,973	620,141	553,730	470,726	460,333	520,231	452,035	388,409
Revenue (ttm)	US$ in thousands	6,130,510	5,842,620	5,527,780	5,288,260	5,172,630	5,081,550	4,949,680	4,759,040	4,504,130	4,204,191	4,077,211	3,984,215	3,821,222	3,685,282	3,510,923	3,399,759	3,374,674	3,360,694	3,304,695	3,231,439
Operating profit margin		22.40%	21.72%	19.11%	18.81%	20.70%	22.87%	22.93%	23.18%	20.72%	17.48%	18.17%	18.81%	17.82%	16.83%	15.77%	13.85%	13.64%	15.48%	13.68%	12.02%

January 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,372,947K ÷ $6,130,510K
= 22.40%

The operating profit margin of Synopsys, Inc. has shown some fluctuation over the past eight quarters. In Q1 2024, the operating profit margin was 22.98%, slightly lower compared to the previous quarter's 23.04%. This marks a small decrease in profitability.

Looking back at the trend, the operating profit margin has generally been above 20% over the past eight quarters, indicating that Synopsys has been efficiently managing its operating expenses relative to its revenue during this period.

The highest operating profit margin was observed in Q3 2022 at 23.54%, while the lowest was in Q2 2023 at 19.66%. This range illustrates the variability in the company's profitability performance within the given timeframe.

Overall, the operating profit margin of Synopsys, Inc. has demonstrated stability above the 20% benchmark, reflecting the company's ability to generate profits from its core operations despite some quarterly fluctuations. Keeping a close eye on factors affecting operating costs and revenue generation will be crucial for sustaining and potentially improving profitability in the future.