Taylor Morn Home (TMHC)

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	1,080,866	1,158,364	1,345,328	1,408,764	1,404,082	1,368,869	1,182,818	968,026	859,099	805,518	738,409	657,591	505,184	419,790	353,417	380,296	473,924	484,103	491,224	462,663
Revenue (ttm)	US$ in thousands	7,417,820	7,890,090	8,249,190	8,183,650	8,224,910	8,238,200	8,062,310	7,786,570	7,501,260	6,553,340	6,394,020	6,201,420	6,129,310	6,038,250	5,443,920	5,182,670	4,762,062	4,753,472	4,684,752	4,400,150
Operating profit margin		14.57%	14.68%	16.31%	17.21%	17.07%	16.62%	14.67%	12.43%	11.45%	12.29%	11.55%	10.60%	8.24%	6.95%	6.49%	7.34%	9.95%	10.18%	10.49%	10.51%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $1,080,866K ÷ $7,417,820K
= 14.57%

The operating profit margin of Taylor Morrison Home Corp. has shown fluctuations over the quarters analyzed. In Q4 2023, the operating profit margin was 14.62%, which decreased slightly compared to the previous quarter's 15.12%. However, it remained higher than the margins reported in the earlier quarters of 2023.

Comparing with Q4 2022, there has been a slight decline in the operating profit margin from 17.45% to 14.62%. However, it is worth noting that the company's operating profit margin has generally been trending upwards throughout 2022 and 2023, indicating improved operational efficiency and profitability.

Overall, the fluctuations in Taylor Morrison Home Corp.'s operating profit margin demonstrate a dynamic operating environment. It would be important to further investigate the company's performance drivers and strategies to sustain and potentially improve its profitability in the future.