Varex Imaging Corp (VREX)
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 | 68,300 | 77,100 | 77,400 | 76,200 | 87,200 | 88,200 | 90,100 | 92,800 | 82,000 | 74,100 | 34,700 | -17,800 | -32,200 | -33,700 | -4,600 | 26,800 | 39,900 | 45,700 | 35,900 | 38,600 |
| Revenue (ttm) | US$ in thousands | 879,200 | 894,700 | 913,200 | 893,400 | 876,100 | 864,900 | 860,000 | 855,500 | 845,000 | 823,100 | 745,000 | 708,700 | 708,000 | 738,300 | 769,500 | 796,800 | 794,700 | 780,600 | 767,300 | 766,900 |
| Operating profit margin | 7.77% | 8.62% | 8.48% | 8.53% | 9.95% | 10.20% | 10.48% | 10.85% | 9.70% | 9.00% | 4.66% | -2.51% | -4.55% | -4.56% | -0.60% | 3.36% | 5.02% | 5.85% | 4.68% | 5.03% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $68,300K ÷ $879,200K
= 7.77%
The operating profit margin of Varex Imaging Corp has shown some fluctuations over the past five years. The margin has ranged from a low of -4.56% in the first quarter of 2020 to a high of 10.85% in the first quarter of 2022. The trend indicates that the company has generally maintained positive operating profit margins, with occasional periods of decline.
In recent quarters, the operating profit margin has been relatively stable, ranging from 7.77% to 8.62%. This suggests that Varex Imaging Corp has been able to effectively manage its operating expenses and generate reasonable profits from its core business operations.
Overall, a positive operating profit margin indicates that the company is efficiently controlling its operating costs and generating profits from its day-to-day operations. Investors and stakeholders may view this metric favorably as it reflects the company's ability to generate profits before interest and taxes are taken into account.
Peer comparison
Dec 31, 2023