Teleflex Incorporated (TFX)

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	506,313	552,432	519,567	511,163	499,725	526,204	634,734	628,197	628,095	568,109	459,226	369,416	423,068	454,920	440,449	509,097	427,254	419,588	384,072	310,104
Revenue (ttm)	US$ in thousands	2,911,099	2,896,815	2,847,031	2,814,657	2,739,870	2,666,841	2,681,690	2,672,883	2,658,512	2,705,531	2,628,918	2,495,954	2,494,257	2,464,030	2,481,625	2,562,494	2,533,648	2,494,311	2,447,888	2,425,533
Operating profit margin		17.39%	19.07%	18.25%	18.16%	18.24%	19.73%	23.67%	23.50%	23.63%	21.00%	17.47%	14.80%	16.96%	18.46%	17.75%	19.87%	16.86%	16.82%	15.69%	12.78%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $506,313K ÷ $2,911,099K
= 17.39%

To analyze Teleflex Incorporated's operating profit margin, we observe fluctuations in the margin over the past eight quarters. The trend indicates some variability in the company's ability to generate profits from its core business operations.

In Q4 2023, the operating profit margin was 18.92%, which was slightly lower compared to the previous quarter, Q3 2023, where it stood at 19.39%. This decline could imply potential challenges in managing operating expenses or generating revenue in the most recent quarter.

Looking back further, Q2 2023 and Q1 2023 also showed slight decreases in the operating profit margin at 18.45% and 18.35% respectively. Despite the fluctuations, the operating profit margins in these quarters remained relatively close to each other.

Comparing the current operating profit margin with the same quarter in the previous year, Q4 2022 had a margin of 18.40%. This suggests a relatively stable performance in terms of profitability when comparing year-over-year data.

Furthermore, the trends in quarterly operating profit margins over the past two years indicate some volatility, with peaks in Q3 2022 (19.52%) and Q2 2022 (19.63%) followed by fluctuations in subsequent quarters.

In conclusion, Teleflex Incorporated's operating profit margin has shown some variations in recent quarters, reflecting potential challenges in maintaining consistent profitability from its operating activities. Further analysis of the company's cost structure, revenue streams, and operational efficiency may provide more insights into the factors influencing these fluctuations.