Viatris Inc (VTRS)

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
Operating income (ttm)	US$ in thousands	766,200	1,019,400	1,127,800	1,307,300	1,614,900	1,738,600	1,536,100	939,600	-34,000	-837,500	-843,700	-661,700	-123,200
Revenue (ttm)	US$ in thousands	15,426,900	15,465,600	15,601,900	15,800,100	16,262,700	16,728,300	17,186,700	17,647,700	17,886,300	17,168,200	15,603,700	13,757,100	12,518,600
Operating profit margin		4.97%	6.59%	7.23%	8.27%	9.93%	10.39%	8.94%	5.32%	-0.19%	-4.88%	-5.41%	-4.81%	-0.98%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $766,200K ÷ $15,426,900K
= 4.97%

The operating profit margin of Viatris Inc has shown a declining trend over the past few quarters. Starting from Q1 2022 at 6.85%, the margin increased in Q2 2022 to 10.53% but then decreased in Q3 2022 to 12.05%. Subsequently, in Q4 2022, the margin further decreased to 10.18%. This downward trend continued into 2023 with the operating profit margin declining to 8.50% in Q1 2023, 7.38% in Q2 2023, 6.61% in Q3 2023, and finally 6.37% in Q4 2023. The decreasing trend in the operating profit margin may indicate challenges in controlling costs or generating sufficient revenue to maintain profitability. Further analysis of the company's operations and financial performance is recommended to identify the factors contributing to this trend and to formulate strategies for improvement.