Ultra Clean Holdings Inc (UCTT)

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	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	29,900	35,706	28,328	41,992
Revenue (ttm)	US$ in thousands	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	1,066,200	1,037,200	1,017,000	1,041,800
Operating profit margin		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%	2.80%	3.44%	2.79%	4.03%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $35,200K ÷ $1,734,500K
= 2.03%

Ultra Clean Holdings Inc's operating profit margin has fluctuated over the periods indicated, ranging from a low of 2.03% in Dec 2023 to a high of 9.31% in Mar 2021. The operating profit margin measures the company's operating efficiency and profitability, indicating the proportion of revenue that translates into operating income.

The downward trend in the operating profit margin from 2021 to 2023 suggests a decrease in efficiency in generating operating profits relative to revenue. The peak in Mar 2021 indicates a period of strong operational performance, while the subsequent decline points towards potential challenges or increased costs impacting profitability.

Overall, Ultra Clean Holdings Inc's operating profit margin has shown variability, and it would be important to further investigate the factors driving these fluctuations to assess the company's financial health and performance.