APA Corporation (APA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,599,000 | 5,620,000 | 2,888,000 | -4,102,000 | -2,152,000 |
| Revenue | US$ in thousands | 8,279,000 | 1,874,000 | 7,985,000 | 4,308,000 | 6,553,000 |
| Operating profit margin | 43.47% | 299.89% | 36.17% | -95.22% | -32.84% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,599,000K ÷ $8,279,000K
= 43.47%
APA Corporation's operating profit margin has fluctuated over the past five years. In 2023, the operating profit margin was 42.06%, showing a decrease from the previous year's margin of 45.58%. Despite this decrease, the margin remains relatively high compared to the 36.70% in 2021, indicating strong operational efficiency. In 2020, the company experienced a negative operating profit margin of -1.11%, signaling a period of operational losses. However, APA Corporation was able to recover in 2019 with an operating profit margin of 6.44%.
Overall, APA Corporation's operating profit margin has shown variability, with both significant improvements and setbacks in recent years. The company's ability to maintain a high operating profit margin in 2023, despite the decrease from the prior year, suggests effective cost management and operational performance. Continued monitoring of operating expenses and revenue generation will be crucial for sustaining and improving the operating profit margin in the future.
Peer comparison
Dec 31, 2023