Amphastar P (AMPH)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 196,987 | 107,497 | 69,887 | 10,954 | -39 |
| Revenue | US$ in thousands | 644,395 | 498,987 | 437,768 | 349,846 | 322,357 |
| Operating profit margin | 30.57% | 21.54% | 15.96% | 3.13% | -0.01% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $196,987K ÷ $644,395K
= 30.57%
Amphastar Pharmaceuticals Inc has shown a positive trend in its operating profit margin over the past five years. The operating profit margin increased from -0.01% in 2019 to 30.57% in 2023, indicating significant improvement in operational efficiency and profitability. This steady growth suggests that the company has been effectively managing its operating expenses and generating stronger revenues relative to its costs. The notable increase in the operating profit margin reflects a positive trajectory for Amphastar Pharmaceuticals Inc in terms of its financial performance and potential for sustainable profitability in the future.
Peer comparison
Dec 31, 2023