Synaptics Incorporated (SYNA)

Operating profit margin

		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	Sep 30, 2019
Operating income (ttm)	US$ in thousands	-101,600	-108,500	-56,900	7,100	154,300	316,400	370,300	401,800	350,400	277,200	220,700	201,600	147,000	108,300	95,700	71,700	68,900	23,400	600	-8,900
Revenue (ttm)	US$ in thousands	894,300	872,400	962,300	1,082,700	1,299,300	1,559,400	1,709,700	1,780,700	1,705,000	1,548,600	1,408,800	1,350,000	1,311,600	1,386,300	1,388,600	1,419,300	1,430,800	1,330,700	1,336,600	1,373,800
Operating profit margin		-11.36%	-12.44%	-5.91%	0.66%	11.88%	20.29%	21.66%	22.56%	20.55%	17.90%	15.67%	14.93%	11.21%	7.81%	6.89%	5.05%	4.82%	1.76%	0.04%	-0.65%

June 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-101,600K ÷ $894,300K
= -11.36%

Synaptics Incorporated's operating profit margin has displayed fluctuations over the past several quarters, ranging from negative figures to double-digit percentages. The trend indicates a decline in operating profit margin from the beginning of the period, with a notable decrease observed in the most recent quarters.

The company experienced negative operating profit margins in the most recent quarters, reaching a low of -12.44% in March 2024 and -11.36% in June 2024. This suggests that Synaptics faced challenges in generating profits from its core operations during this period.

In contrast, the operating profit margin was positive and relatively healthy in the earlier quarters, with a peak of 22.56% in September 2022. However, there was a consistent downward trend in the operating profit margin since then, indicating potential profitability issues or increasing costs impacting the company's profitability.

Overall, the fluctuating operating profit margin of Synaptics Incorporated reflects varying levels of operational efficiency and financial performance over the analyzed period, highlighting the need for further investigation into the factors driving these fluctuations in profitability.