Texas Instruments Incorporated (TXN)

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	7,331,000	7,974,000	8,760,000	9,511,000	10,140,000	10,467,000	10,094,000	9,584,000	8,960,000	8,270,000	7,574,000	6,589,000	5,894,000	5,330,000	5,310,000	5,588,000	5,723,000	5,990,000	6,338,000	6,544,000
Revenue (ttm)	US$ in thousands	17,508,000	18,112,000	18,821,000	19,502,000	20,028,000	20,190,000	19,592,000	18,960,000	18,344,000	17,588,000	16,762,000	15,421,000	14,461,000	13,735,000	13,689,000	14,118,000	14,383,000	14,750,000	15,240,000	15,589,000
Operating profit margin		41.87%	44.03%	46.54%	48.77%	50.63%	51.84%	51.52%	50.55%	48.84%	47.02%	45.19%	42.73%	40.76%	38.81%	38.79%	39.58%	39.79%	40.61%	41.59%	41.98%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $7,331,000K ÷ $17,508,000K
= 41.87%

The operating profit margin of Texas Instruments Inc. has shown a gradual decline over the past year, from 51.91% in Q4 2022 to 41.85% in Q4 2023. This indicates a decrease in the company's efficiency in generating profit from its core business operations. Despite some fluctuations, the trend has been downward overall. It is important for the company to closely monitor and address the factors contributing to this decline in order to maintain profitability and sustainable growth in the future.