Travel + Leisure Co (TNL)

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	719,000	690,000	672,000	674,000	653,000	686,000	683,000	649,000	619,000	509,000	387,000	122,000	-106,000	68,000	218,000	530,000	811,000	711,000	694,000	561,000
Revenue (ttm)	US$ in thousands	3,750,000	3,713,000	3,664,000	3,637,000	3,567,000	3,538,000	3,440,000	3,315,000	3,134,000	2,909,000	2,684,000	2,230,000	2,160,000	2,688,000	3,107,000	3,735,000	4,044,000	3,827,000	3,780,000	3,733,000
Operating profit margin		19.17%	18.58%	18.34%	18.53%	18.31%	19.39%	19.85%	19.58%	19.75%	17.50%	14.42%	5.47%	-4.91%	2.53%	7.02%	14.19%	20.05%	18.58%	18.36%	15.03%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $719,000K ÷ $3,750,000K
= 19.17%

The operating profit margin of Travel+Leisure Co has been relatively stable over the past eight quarters, ranging from 19.03% to 20.00%. The company has consistently maintained a strong operating profit margin above 19%, indicating efficient cost management and profitability in its operations. Despite some slight fluctuations, the overall trend suggests a healthy margin performance, which is essential for sustaining the company's financial health and potential for growth.