Appfolio Inc (APPF)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 963 | -72,370 | -11,878 | 9,783 | 6,461 |
| Revenue | US$ in thousands | 627,476 | 477,223 | 360,251 | 495,865 | 254,358 |
| Operating profit margin | 0.15% | -15.16% | -3.30% | 1.97% | 2.54% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $963K ÷ $627,476K
= 0.15%
Appfolio Inc's operating profit margin has shown fluctuations over the last five years. In 2023, the operating profit margin improved to 0.15% compared to negative figures in the previous two years. The negative operating profit margins in 2021 and 2022 indicate that the company's operating expenses exceeded its gross profit during those periods. However, the operating profit margin was positive in 2020 and 2019, albeit at lower levels than the industry average. Overall, Appfolio Inc needs to focus on improving operational efficiency and cost management to sustain and enhance its profitability levels in the future.
Peer comparison
Dec 31, 2023