UFP Technologies Inc (UFPT)

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	57,664	55,803	66,723	61,880	55,399	49,158	28,270	22,278	21,218	21,521	20,169	16,956	16,731	18,540	20,953	24,531	24,709	23,457	23,204	22,301
Revenue (ttm)	US$ in thousands	397,074	386,813	383,088	384,042	358,074	323,180	277,782	228,683	206,351	195,161	187,703	179,327	179,009	184,116	190,075	198,959	197,791	198,228	196,447	193,872
Operating profit margin		14.52%	14.43%	17.42%	16.11%	15.47%	15.21%	10.18%	9.74%	10.28%	11.03%	10.75%	9.46%	9.35%	10.07%	11.02%	12.33%	12.49%	11.83%	11.81%	11.50%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $57,664K ÷ $397,074K
= 14.52%

The operating profit margin of UFP Technologies Inc has shown some fluctuation over the past two years. The company's operating profit margin remained relatively stable around the 10-12% range in the first half of 2020 and then saw an increase to above 15% in the second half of 2020 and continuing into 2021. There was a slight dip in the operating profit margin in the first quarter of 2022, followed by a recovery and a peak in the second quarter of 2023 at 17.42%. However, the operating profit margin decreased slightly in the most recent quarter at 14.52%.

Overall, the operating profit margin for UFP Technologies Inc has shown a positive trend with improvement in profitability over the analyzed period, indicating effective cost management and operational efficiency. Future monitoring of the company's operating profit margin is recommended to assess its ongoing financial health and performance.