Ufp Industries Inc (UFPI)
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 | 646,534 | 691,086 | 760,798 | 852,867 | 950,184 | 976,642 | 907,723 | 859,092 | 737,554 | 630,782 | 569,258 | 424,682 | 345,827 | 309,348 | 273,214 | 255,092 | 244,906 | 238,588 | 225,112 | 211,492 |
| Revenue (ttm) | US$ in thousands | 7,218,390 | 7,607,740 | 8,102,960 | 8,959,910 | 9,626,740 | 9,729,840 | 9,500,760 | 9,300,430 | 8,636,120 | 8,013,030 | 7,405,480 | 5,946,940 | 5,154,000 | 4,758,330 | 4,435,130 | 4,432,950 | 4,416,010 | 4,406,151 | 4,455,821 | 4,510,441 |
| Operating profit margin | 8.96% | 9.08% | 9.39% | 9.52% | 9.87% | 10.04% | 9.55% | 9.24% | 8.54% | 7.87% | 7.69% | 7.14% | 6.71% | 6.50% | 6.16% | 5.75% | 5.55% | 5.41% | 5.05% | 4.69% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $646,534K ÷ $7,218,390K
= 8.96%
Ufp Industries Inc's operating profit margin has shown a generally positive trend over the past few quarters, with a slight fluctuation in recent periods. The operating profit margin, which represents the company's ability to generate profits from its core operations, stood at 8.96% as of December 31, 2023, a decrease from the previous quarter's 9.08%.
While the margin has experienced some variability, it has consistently remained above 5% over the past five years, indicating a healthy level of profitability. The company has managed to improve its efficiency in generating profits from sales, as evidenced by the gradual increase in operating profit margin from 4.69% at the end of 2019 to 8.96% at the end of 2023.
Overall, this suggests that Ufp Industries Inc has been successful in controlling its operating expenses and maximizing its operating income, although there may be some areas for further optimization to sustain or improve the operating profit margin in the future.