Skyworks Solutions Inc (SWKS)

Operating profit margin

		Sep 30, 2024	Jun 30, 2024	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	637,300	831,900	932,200	1,016,300	1,125,000	1,259,100	1,354,200	1,448,200	1,527,100	1,466,500	1,480,500	1,487,900	1,612,700	1,552,800	1,360,500	1,185,300	891,900	858,200	870,300	908,400
Revenue (ttm)	US$ in thousands	4,178,000	4,371,800	4,537,500	4,644,600	4,772,400	4,912,600	5,074,000	5,256,500	5,437,600	5,376,100	5,259,900	5,096,100	5,095,700	4,755,000	4,375,400	3,969,700	3,355,800	3,226,400	3,256,600	3,300,900
Operating profit margin		15.25%	19.03%	20.54%	21.88%	23.57%	25.63%	26.69%	27.55%	28.08%	27.28%	28.15%	29.20%	31.65%	32.66%	31.09%	29.86%	26.58%	26.60%	26.72%	27.52%

September 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $637,300K ÷ $4,178,000K
= 15.25%

The operating profit margin of Skyworks Solutions Inc has shown a general declining trend over the past several quarters. The margin decreased from 27.52% in December 2019 to 15.25% in September 2024. This indicates that the company's ability to generate operating profits from its core business activities has been eroding.

However, it's worth noting that there have been minor fluctuations in the operating profit margin over this period, with occasional spikes suggesting temporary improvements in profitability. For example, the margin increased to 32.66% in March 2021 but trended downward thereafter.

Overall, the decreasing trend in the operating profit margin may raise concerns about the company's operational efficiency and cost management. Investors and stakeholders may want to closely monitor this metric to assess the company's financial performance and sustainability in the long run.