Ultra Clean Holdings Inc (UCTT)

Operating profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Operating income (ttm)	US$ in thousands	91,300	69,900	50,400	40,100	35,200	74,500	105,100	87,000	120,300	139,300	153,600	191,000	185,700	156,000	140,300	139,200	121,400	92,700	66,100	44,300
Revenue (ttm)	US$ in thousands	2,097,500	1,978,900	1,873,500	1,778,900	1,734,500	1,856,200	2,056,200	2,243,400	2,374,200	2,422,900	2,341,600	2,248,100	2,101,600	1,856,100	1,665,700	1,495,300	1,398,600	1,315,400	1,206,400	1,127,000
Operating profit margin		4.35%	3.53%	2.69%	2.25%	2.03%	4.01%	5.11%	3.88%	5.07%	5.75%	6.56%	8.50%	8.84%	8.40%	8.42%	9.31%	8.68%	7.05%	5.48%	3.93%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $91,300K ÷ $2,097,500K
= 4.35%

The operating profit margin of Ultra Clean Holdings Inc has displayed fluctuations over the period from March 31, 2020, to December 31, 2024. The margin started at a relatively low level of 3.93% as of March 31, 2020, gradually increased to reach a peak of 9.31% by March 31, 2021. Thereafter, the margin experienced some volatility, hovering around the 8% range for most of 2021 and early 2022.

However, starting from June 30, 2022, there was a visible decline in the operating profit margin, dropping to 5.11% by June 30, 2023. This decline continued into the following quarters, reaching the lowest point of 2.03% by the end of December 31, 2023. Subsequently, there was a slight improvement in the margin, rising to 4.35% as of December 31, 2024.

The fluctuation in the operating profit margin indicates varying levels of efficiency and profitability in Ultra Clean Holdings Inc's operations during the period under consideration. It is essential for stakeholders to monitor these trends to assess the company's ability to generate profits from its core business activities and to make informed investment decisions.