Artivion Inc (AORT)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	5,742	6,201	8,117	2,441	17,042
Revenue	US$ in thousands	331,083	292,771	298,836	253,227	276,222
Operating profit margin		1.73%	2.12%	2.72%	0.96%	6.17%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $5,742K ÷ $331,083K
= 1.73%

The operating profit margin of Artivion Inc has fluctuated over the past five years, ranging from a high of 6.17% in 2019 to a low of -2.61% in 2021. In 2020, the operating profit margin was 0.96%. The most recent data for 2023 shows a negative operating profit margin of -2.40%. This negative trend indicates that the company's operating expenses are relatively higher in comparison to its revenue generation, resulting in lower profitability. It is essential for Artivion Inc to closely monitor and control its operating costs to improve its operating profit margin and overall financial performance in the future.