Trane Technologies plc (TT)

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 2,894,000 2,787,000 2,662,300 2,487,500 2,418,900 2,274,000 2,117,900 2,058,300 2,023,300 1,975,600 1,959,100 1,731,600 1,532,800 1,475,000 1,444,600 1,588,000 1,670,100 1,381,300 1,431,800 1,505,200
Revenue (ttm) US$ in thousands 17,422,900 17,077,000 16,568,400 16,055,800 15,750,100 15,248,500 14,597,800 14,234,700 13,892,000 13,496,200 13,266,900 12,575,200 12,196,000 13,164,400 14,008,900 15,396,900 16,343,600 16,500,000 16,202,200 16,044,100
Operating profit margin 16.61% 16.32% 16.07% 15.49% 15.36% 14.91% 14.51% 14.46% 14.56% 14.64% 14.77% 13.77% 12.57% 11.20% 10.31% 10.31% 10.22% 8.37% 8.84% 9.38%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $2,894,000K ÷ $17,422,900K
= 16.61%

Trane Technologies plc has shown a consistent improvement in its operating profit margin over the past eight quarters, with a gradual increase from 14.22% in Q1 2022 to 16.37% in Q4 2023. This indicates that the company has been effectively managing its operating expenses relative to its revenue generation. The steady upward trend in operating profit margin suggests that Trane Technologies plc has been able to enhance operational efficiency and profitability over time. Investors and stakeholders may view this trend positively as it reflects the company's ability to generate more profit from its operations.

See also:

Trane Technologies plc Operating Profit Margin (Quarterly Data)