Texas Roadhouse Inc (TXRH)

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	353,989	339,069	340,498	331,004	320,197	316,183	302,593	306,403	297,192	252,749	226,027	88,981	23,844	56,859	66,767	167,368	212,023	191,819	182,379	183,363
Revenue (ttm)	US$ in thousands	4,630,470	4,473,440	4,344,988	4,198,398	4,011,603	3,898,774	3,774,419	3,648,597	3,462,567	3,206,025	2,968,267	2,545,904	2,396,677	2,483,926	2,503,230	2,716,633	2,754,780	2,635,454	2,579,392	2,518,801
Operating profit margin		7.64%	7.58%	7.84%	7.88%	7.98%	8.11%	8.02%	8.40%	8.58%	7.88%	7.61%	3.50%	0.99%	2.29%	2.67%	6.16%	7.70%	7.28%	7.07%	7.28%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $353,989K ÷ $4,630,470K
= 7.64%

The operating profit margin of Texas Roadhouse Inc has shown some fluctuations over the past few quarters. For the most recent quarter, the operating profit margin was 7.64%, which indicates that the company generated $0.0764 in operating profit for every dollar of sales.

Looking at the trend over the past several quarters, the operating profit margin has generally ranged between 7% and 8.5%, with the highest margin of 8.58% seen in the first quarter of 2022. However, there was a significant drop in operating profit margin in the first quarter of 2021, falling to 0.99%, before gradually recovering in subsequent quarters.

Overall, the operating profit margin of Texas Roadhouse Inc has been relatively stable around the 7-8% range, indicating the company's ability to control its operating expenses and generate profit from its core business activities. The management should continue to monitor and analyze the factors impacting the margin to ensure sustainable profitability in the long term.