Xencor Inc (XNCR)

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	-138,639	-146,223	-166,303	-168,306	-82,475	51,770	48,818	85,905	43,767	-61,583	-37,005	-83,692	-76,797	-93,671	-91,225	-73,197	13,824	23,314	38,241	29,523
Revenue (ttm)	US$ in thousands	186,941	159,035	123,534	105,187	169,448	300,051	291,251	346,181	294,209	181,761	198,671	128,003	129,246	90,908	79,618	87,539	166,940	174,988	181,170	160,553
Operating profit margin		-74.16%	-91.94%	-134.62%	-160.01%	-48.67%	17.25%	16.76%	24.82%	14.88%	-33.88%	-18.63%	-65.38%	-59.42%	-103.04%	-114.58%	-83.62%	8.28%	13.32%	21.11%	18.39%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $-138,639K ÷ $186,941K
= -74.16%

Xencor Inc's operating profit margin has fluctuated significantly over the past eight quarters, ranging from a low of -171.66% in Q1 2023 to a high of 26.30% in Q1 2022. The negative operating profit margins in Q1 2023 through Q4 2022 indicate that the company's operating expenses exceeded its operating income during these periods. This may suggest inefficiencies or challenges in cost management and revenue generation. In contrast, the positive operating profit margins in Q2 2022 and Q1 2022 demonstrate the company's ability to generate profit from its core operations during these quarters. Overall, Xencor Inc's operating profit margin performance has been inconsistent, highlighting the importance of closely monitoring and analyzing its operational efficiency and profitability.