Valaris Ltd (VAL)
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 | 53,500 | 56,300 | 101,300 | 95,600 | 37,200 | -24,000 | -82,500 | -57,200 | -854,800 | -1,003,800 | -1,101,300 | -2,130,200 | -4,334,500 | -4,358,500 | -4,500,300 | -3,638,500 | -668,000 | -585,000 | -390,700 | -265,900 |
| Revenue (ttm) | US$ in thousands | 1,784,200 | 1,734,000 | 1,716,100 | 1,714,200 | 1,602,500 | 1,474,400 | 1,363,900 | 1,153,400 | 1,142,100 | 1,133,100 | 1,091,700 | 1,277,700 | 1,427,200 | 1,642,800 | 1,908,800 | 2,103,900 | 2,053,200 | 1,940,100 | 1,819,700 | 1,694,300 |
| Operating profit margin | 3.00% | 3.25% | 5.90% | 5.58% | 2.32% | -1.63% | -6.05% | -4.96% | -74.84% | -88.59% | -100.88% | -166.72% | -303.71% | -265.31% | -235.77% | -172.94% | -32.53% | -30.15% | -21.47% | -15.69% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $53,500K ÷ $1,784,200K
= 3.00%
The operating profit margin of Valaris Ltd has exhibited some fluctuations in recent quarters. In Q2 2023, the company achieved its highest operating profit margin of 5.08%, indicating that the company effectively managed its operating expenses relative to revenue during that period. However, the margin declined in the subsequent quarters, reaching its lowest point in Q4 2023 at 2.25%. This decrease may suggest potential challenges in controlling operating costs or generating sufficient revenue to maintain previous levels of profitability. Overall, Valaris Ltd's operating profit margin has shown variability, highlighting the importance of monitoring and managing operational efficiency to sustain profitability in the long term.
Peer comparison
Dec 31, 2023