Trimble Inc (TRMB)
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 | 448,800 | 448,600 | 449,700 | 491,000 | 510,900 | 542,000 | 567,100 | 577,000 | 561,000 | 555,100 | 509,600 | 462,400 | 419,800 | 386,100 | 375,800 | 387,900 | 375,900 | 377,300 | 363,000 | 342,800 |
| Revenue (ttm) | US$ in thousands | 3,821,600 | 3,586,900 | 3,546,200 | 3,630,100 | 3,685,300 | 3,811,000 | 3,837,100 | 3,750,500 | 3,659,400 | 3,563,400 | 3,454,800 | 3,244,700 | 3,152,000 | 3,148,700 | 3,140,200 | 3,260,800 | 3,271,300 | 3,253,700 | 3,264,600 | 3,172,700 |
| Operating profit margin | 11.74% | 12.51% | 12.68% | 13.53% | 13.86% | 14.22% | 14.78% | 15.38% | 15.33% | 15.58% | 14.75% | 14.25% | 13.32% | 12.26% | 11.97% | 11.90% | 11.49% | 11.60% | 11.12% | 10.80% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $448,800K ÷ $3,821,600K
= 11.74%
Operating profit margin is a key profitability ratio that indicates the efficiency of Trimble Inc in generating profits from its core operations. Over the past few quarters, the operating profit margin has shown some fluctuations.
The operating profit margin was at its highest in March 2022 at 15.38% and has been gradually declining since then, reaching 11.74% in December 2023. This indicates a decrease in the company's ability to translate its revenue into profits from its core business activities.
Despite the downward trend, Trimble Inc has generally maintained its operating profit margin above 10% over the analyzed period, demonstrating a relative stability in its profitability. However, the company may need to closely monitor its operating expenses and revenue streams to address the declining trend observed in recent quarters and ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023