Gentherm Inc (THRM)

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	77,439	49,296	48,376	51,790	48,306	66,627	64,510	88,447	115,006	135,032	152,834	111,265	89,217	69,339	51,162	81,116	84,260	83,064	78,448	73,984
Revenue (ttm)	US$ in thousands	1,448,509	1,428,068	1,388,525	1,281,481	1,193,283	1,106,858	1,024,469	1,025,636	1,044,506	1,083,664	1,096,100	964,238	903,018	845,665	833,218	941,502	976,202	1,001,836	1,016,668	1,043,099
Operating profit margin		5.35%	3.45%	3.48%	4.04%	4.05%	6.02%	6.30%	8.62%	11.01%	12.46%	13.94%	11.54%	9.88%	8.20%	6.14%	8.62%	8.63%	8.29%	7.72%	7.09%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $77,439K ÷ $1,448,509K
= 5.35%

The operating profit margin of Gentherm Inc has shown fluctuations over the past eight quarters. In Q1 2022, the operating profit margin was at its highest, standing at 8.94%. However, the margin experienced a gradual decline in the following quarters before reaching its lowest point of 4.59% in Q4 2022.

There was a slight improvement in Q1 2023, but the margin remained below the levels seen in Q2 2022 and Q3 2022. In Q4 2023, there was a notable increase in the operating profit margin to 6.92%, showing a positive trend compared to the preceding quarters.

Overall, the company's operating profit margin has demonstrated variability, indicating fluctuations in its ability to generate profits from its core operations. It would be important to further investigate the factors contributing to these fluctuations to better understand the company's profitability trends.