Texas Pacific Land Trust (TPL)
Operating profit margin
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 517,142 | 486,053 | 476,421 | 511,518 | 542,946 | 562,307 | 563,937 | 505,122 | 424,684 | 362,393 | 291,764 |
| Revenue (ttm) | US$ in thousands | 659,375 | 631,595 | 617,644 | 650,788 | 666,449 | 667,422 | 661,894 | 594,476 | 514,138 | 450,958 | 378,084 |
| Operating profit margin | 78.43% | 76.96% | 77.14% | 78.60% | 81.47% | 84.25% | 85.20% | 84.97% | 82.60% | 80.36% | 77.17% |
March 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $517,142K ÷ $659,375K
= 78.43%
The operating profit margin of Texas Pacific Land Trust has shown consistency and a strong performance over the past few quarters. The margin has ranged from 76.96% to 85.20% over the last 11 quarters.
The company has maintained a high level of efficiency in generating profits from its operations, with operating profit margins consistently above 75%. This indicates that the company is effectively managing its operating costs and expenses relative to its revenue generation.
Although there has been some fluctuation in the margins over the quarters, with a slight downward trend in recent periods, the overall trend remains strong. The margins have been consistently above 75%, reflecting the company's ability to generate significant profits from its core business activities.
Overall, the operating profit margin analysis suggests that Texas Pacific Land Trust has been able to sustain a high level of operational efficiency and profitability, which is a positive indication of the company's financial health and management effectiveness.