STERIS plc (STE)

Operating profit margin

		Mar 31, 2024	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
Operating income (ttm)	US$ in thousands	836,118	816,297	790,944	298,672	268,185	134,641	146,771	569,689	425,618	478,018	422,115	446,875	548,368	561,948	557,305	542,775	537,046	519,645
Revenue (ttm)	US$ in thousands	5,138,700	5,000,560	4,815,270	4,777,590	4,750,690	4,680,130	4,776,670	4,773,130	4,585,062	4,247,903	3,847,857	3,407,009	3,107,519	3,056,979	3,022,316	3,003,024	3,030,895	2,976,117
Operating profit margin		16.27%	16.32%	16.43%	6.25%	5.65%	2.88%	3.07%	11.94%	9.28%	11.25%	10.97%	13.12%	17.65%	18.38%	18.44%	18.07%	17.72%	17.46%

March 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $836,118K ÷ $5,138,700K
= 16.27%

The operating profit margin of STERIS plc has shown fluctuations over the past few quarters. The margin was relatively stable around the range of 16% to 18% from Dec 2019 to Jun 2021. However, there was a notable decrease in the margin in the quarter ended Sep 2021, dropping to 9.28%. This decline was followed by a recovery trend, with the margin gradually increasing to 16.43% in Sep 2023. The latest available data for Mar 31, 2024, shows the margin at 16.27%.

Overall, the operating profit margin of STERIS plc has demonstrated variability, with periods of both growth and decline. It is important for stakeholders to monitor these fluctuations and assess the underlying factors driving the changes to gain a comprehensive understanding of the company's financial performance.