Stryker Corporation (SYK)

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	3,888,000	3,445,000	3,322,000	3,129,000	2,841,000	2,846,000	2,612,000	2,572,000	2,584,000	2,514,000	2,799,000	2,047,000	2,223,000	2,418,000	2,187,000	2,820,000	2,713,000	2,467,000	2,415,000	2,474,000
Revenue (ttm)	US$ in thousands	20,498,000	19,885,000	19,455,000	18,952,000	18,449,000	17,948,000	17,629,000	17,430,000	17,108,000	16,669,000	16,246,000	14,716,000	14,351,000	14,220,000	14,070,000	14,956,000	14,884,000	14,549,000	14,204,000	13,876,000
Operating profit margin		18.97%	17.32%	17.08%	16.51%	15.40%	15.86%	14.82%	14.76%	15.10%	15.08%	17.23%	13.91%	15.49%	17.00%	15.54%	18.86%	18.23%	16.96%	17.00%	17.83%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,888,000K ÷ $20,498,000K
= 18.97%

Stryker Corp.'s operating profit margin has shown a consistent and positive trend over the past eight quarters, indicating the company's ability to manage its operating expenses effectively and generate healthy profits from its core business operations. The operating profit margin has steadily increased from 15.04% in Q2 2022 to 19.06% in Q4 2023, reflecting improved efficiency and profitability.

This upward trend in operating profit margin is a positive signal for investors, as it suggests that Stryker Corp. is becoming more efficient in generating profits from its sales and controlling its operating costs. The company's ability to maintain and increase its operating profit margin over time is a key indicator of its long-term financial health and sustainability, showcasing its ability to generate value for its shareholders. Overall, the consistent improvement in operating profit margin demonstrates Stryker Corp.'s strong operational performance and strategic management of its resources.