Bio-Techne Corp (TECH)

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	206,687	255,389	268,602	298,489	298,944	284,992	295,228	289,685	296,590	284,599	262,778	251,425	237,295	208,023	187,188	173,185	157,420	161,374	157,673	154,284
Revenue (ttm)	US$ in thousands	1,159,360	1,137,352	1,130,708	1,131,664	1,137,169	1,125,274	1,120,378	1,117,527	1,094,290	1,064,304	1,017,313	971,607	917,080	837,177	786,479	745,873	724,111	739,941	729,495	718,184
Operating profit margin		17.83%	22.45%	23.76%	26.38%	26.29%	25.33%	26.35%	25.92%	27.10%	26.74%	25.83%	25.88%	25.88%	24.85%	23.80%	23.22%	21.74%	21.81%	21.61%	21.48%

June 30, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $206,687K ÷ $1,159,360K
= 17.83%

Bio-Techne Corp's operating profit margin has fluctuated over the past several quarters. It ranged from a high of 27.10% in Jun 30, 2022, to a low of 21.48% in Dec 31, 2019. Overall, the operating profit margin has shown a general upward trend until Mar 31, 2023, where it peaked at 26.29%.

However, there was a slight decline in the operating profit margin in the most recent quarter (Jun 30, 2024) to 17.83%. This could suggest potential challenges or changes in the company's operations impacting its profitability. It is important for stakeholders to monitor future financial performance to understand the factors driving these fluctuations in the operating profit margin.