TRI Pointe Homes Inc (TPH)

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	2,938,716	1,973,726	1,340,366	723,831	746,516	673,875	654,990	629,137	605,040	563,495	492,926	418,151	366,506	363,274	343,925	300,010	253,859	240,657	240,230	289,638
Revenue (ttm)	US$ in thousands	3,715,206	3,978,306	4,211,590	4,391,951	4,348,534	4,035,744	3,997,134	3,997,504	3,982,226	3,833,046	3,632,320	3,384,366	3,260,450	3,340,890	3,256,821	3,185,429	3,083,011	3,074,441	3,101,117	3,173,706
Operating profit margin		79.10%	49.61%	31.83%	16.48%	17.17%	16.70%	16.39%	15.74%	15.19%	14.70%	13.57%	12.36%	11.24%	10.87%	10.56%	9.42%	8.23%	7.83%	7.75%	9.13%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,938,716K ÷ $3,715,206K
= 79.10%

Tri Pointe Homes Inc.'s operating profit margin has displayed a declining trend over the past four quarters, starting at 17.73% in Q4 2022 and gradually decreasing to 11.52% in Q4 2023. This downward trajectory suggests a potential decrease in the company's profitability from its operations.

The company experienced the highest operating profit margin in Q2 2023 at 15.11%, followed by Q3 2023 at 13.28%. However, these margins were lower compared to the same periods in the previous year.

The most recent quarter, Q4 2023, marked the lowest operating profit margin in the provided data at 11.52%. This may indicate potential challenges or inefficiencies affecting the company's ability to generate profits from its core operations.

It would be recommended for stakeholders and investors to closely monitor Tri Pointe Homes Inc.'s operating profit margin in upcoming quarters to assess if this downward trend continues or if there are any improvements in the company's operational efficiency.