UGI Corporation (UGI)
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 | -8,000 | -1,444,000 | -1,378,000 | -547,000 | 530,000 | 1,666,000 | 2,149,000 | 2,441,000 | 1,780,000 | 2,350,000 | 1,633,000 | 1,416,000 | 1,107,000 | 982,000 | 814,000 | 649,000 | 826,000 | 617,000 | 765,200 | 785,700 |
| Revenue (ttm) | US$ in thousands | 8,290,000 | 8,928,000 | 9,458,000 | 9,832,000 | 10,192,000 | 10,106,000 | 9,610,000 | 9,073,000 | 8,188,000 | 7,447,000 | 7,133,000 | 6,836,000 | 6,484,000 | 6,559,000 | 6,585,000 | 6,750,000 | 7,127,000 | 7,320,000 | 7,443,100 | 7,520,000 |
| Operating profit margin | -0.10% | -16.17% | -14.57% | -5.56% | 5.20% | 16.49% | 22.36% | 26.90% | 21.74% | 31.56% | 22.89% | 20.71% | 17.07% | 14.97% | 12.36% | 9.61% | 11.59% | 8.43% | 10.28% | 10.45% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-8,000K ÷ $8,290,000K
= -0.10%
Based on the data provided for UGI Corp.'s operating profit margin over the past eight quarters, the company's performance has been fluctuating. In Q1 2024, the operating profit margin was 6.74%, which indicates that the company generated a profit of $0.0674 for every dollar of revenue. However, in Q4 2023 and Q3 2023, the company reported negative operating profit margins of -7.83% and -5.69% respectively, implying that UGI Corp. incurred operating losses during those periods.
The trend continued in Q2 2023 with an operating profit margin of -4.12%, indicating further operational challenges. Prior to the negative margins, in Q1 2023 and Q4 2022, UGI Corp. recorded positive operating profit margins of 6.58% and 15.70% respectively, reflecting healthy profitability levels. The company's operating performance was strongest in Q2 2022 and Q3 2022, with operating profit margins of 26.34% and 21.19% respectively.
Overall, the analysis suggests that UGI Corp.'s operating profit margin has displayed volatility over the past eight quarters, signifying fluctuations in the company's ability to convert revenue into profit. It is important for stakeholders to monitor how the company addresses the challenges in order to sustain and enhance its profitability in the future.
Peer comparison
Dec 31, 2023