Tandem Diabetes Care Inc (TNDM)
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 | -233,230 | -215,947 | -231,895 | -205,326 | -92,847 | -62,332 | -7,119 | 10,552 | 22,653 | 28,577 | 19,848 | 2,379 | -7,957 | -24,475 | -29,470 | -19,298 | -16,722 | -18,306 | -28,011 | -40,143 |
| Revenue (ttm) | US$ in thousands | 739,136 | 762,842 | 785,031 | 789,444 | 796,589 | 786,083 | 761,228 | 733,133 | 697,845 | 655,914 | 596,546 | 531,931 | 490,754 | 431,087 | 406,936 | 394,167 | 362,230 | 330,031 | 274,984 | 212,752 |
| Operating profit margin | -31.55% | -28.31% | -29.54% | -26.01% | -11.66% | -7.93% | -0.94% | 1.44% | 3.25% | 4.36% | 3.33% | 0.45% | -1.62% | -5.68% | -7.24% | -4.90% | -4.62% | -5.55% | -10.19% | -18.87% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-233,230K ÷ $739,136K
= -31.55%
The operating profit margin of Tandem Diabetes Care Inc has shown a declining trend over the past eight quarters, with negative values indicating that the company's operating expenses exceed its operating income. The margin deteriorated from -7.71% in Q4 2022 to -20.66% in Q4 2023, reflecting a significant decrease in profitability.
This downward trend suggests that the company may be facing challenges in efficiently managing its operating expenses or generating sufficient revenue to cover these costs. Investors and stakeholders should closely monitor this metric to assess the company's ability to improve operational efficiency and enhance profitability in the future.
Peer comparison
Dec 31, 2023