Olympic Steel Inc (ZEUS)
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 | 77,671 | 72,054 | 70,255 | 98,348 | 133,747 | 162,353 | 205,427 | 193,999 | 172,467 | 141,557 | 79,034 | 29,112 | 573 | -3,782 | 162 | 13,587 | 16,610 | 17,369 | 32,402 | 50,781 |
| Revenue (ttm) | US$ in thousands | 2,158,415 | 2,188,626 | 2,296,673 | 2,436,607 | 2,562,123 | 2,666,666 | 2,700,688 | 2,547,576 | 2,312,156 | 2,019,138 | 1,650,603 | 1,342,836 | 1,234,034 | 1,222,227 | 1,306,544 | 1,487,405 | 1,579,022 | 1,688,872 | 1,761,623 | 1,785,395 |
| Operating profit margin | 3.60% | 3.29% | 3.06% | 4.04% | 5.22% | 6.09% | 7.61% | 7.62% | 7.46% | 7.01% | 4.79% | 2.17% | 0.05% | -0.31% | 0.01% | 0.91% | 1.05% | 1.03% | 1.84% | 2.84% |
December 31, 2023 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $77,671K ÷ $2,158,415K
= 3.60%
Olympic Steel Inc.'s operating profit margin has shown a declining trend over the quarters provided. In Q1 2023, the operating profit margin was at its lowest point at 4.04%, compared to the highest point of 7.62% in Q2 2022. This downward trajectory may indicate potential challenges in managing operating expenses or fluctuations in revenue generation efficiency. The company's ability to control costs and optimize operational performance will be crucial in improving and sustaining its operating profit margin in the future. It is essential for Olympic Steel Inc. to closely monitor and address the factors contributing to the diminishing margin to ensure long-term financial health and profitability.
Peer comparison
Dec 31, 2023