Arrow Electronics Inc (ARW)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,471,160 | 2,068,490 | 1,556,820 | 894,511 | 107,696 |
| Revenue | US$ in thousands | 33,107,100 | 37,124,400 | 34,477,000 | 28,673,400 | 28,916,800 |
| Operating profit margin | 4.44% | 5.57% | 4.52% | 3.12% | 0.37% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,471,160K ÷ $33,107,100K
= 4.44%
Arrow Electronics Inc.'s operating profit margin has shown fluctuations over the past five years. In 2023, the operating profit margin decreased to 4.72% from 5.63% in 2022. This indicates a decline in the company's ability to generate profits from its core operations in the most recent year. However, when compared to 2019 and 2020, the operating profit margin has improved gradually. The highest operating profit margin was seen in 2022, signaling a peak in profitability during that period. Overall, the company's operating profit margin has been relatively stable over the five-year period, with fluctuations seen year on year. Further analysis of the company's cost structure and revenue generation may provide insights into the factors driving these fluctuations.
Peer comparison
Dec 31, 2023