The Andersons Inc (ANDE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 71,017 | 92,600 | 21,861 | -137,227 | 81,050 |
| Revenue | US$ in thousands | 14,750,100 | 17,325,400 | 12,612,000 | 8,064,620 | 8,003,250 |
| Operating profit margin | 0.48% | 0.53% | 0.17% | -1.70% | 1.01% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $71,017K ÷ $14,750,100K
= 0.48%
The operating profit margin of Andersons Inc. has shown fluctuations over the past five years. In 2023, the operating profit margin improved to 1.71%, a significant increase compared to the previous year's 1.26%. This suggests that the company was able to generate more operating profit relative to its revenue in the most recent year.
The trend over the five years indicates that the operating profit margin has generally been low, with fluctuations observed from year to year. The company experienced a notable improvement in 2023 compared to the minimal margin of 0.07% in 2020. It is evident that Andersons Inc. has been working to enhance its operational efficiency and profitability over the years.
The fluctuations in the operating profit margin highlight the importance of closely monitoring the company's cost structure, revenue generation, and overall financial performance to ensure sustainable growth and profitability. Further analysis of the company's operational strategies and financial management practices could provide insights into the factors influencing the fluctuations in the operating profit margin.
Peer comparison
Dec 31, 2023