Avista Corporation (AVA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 257,690 | 190,242 | 228,232 | 232,700 | 210,389 |
| Revenue | US$ in thousands | 1,751,550 | 1,710,210 | 1,438,940 | 1,321,890 | 1,345,620 |
| Operating profit margin | 14.71% | 11.12% | 15.86% | 17.60% | 15.64% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $257,690K ÷ $1,751,550K
= 14.71%
The operating profit margin of Avista Corp. has shown variable performance over the past five years. In 2019 and 2020, the company achieved relatively stable margins of 17.10% and 17.60%, respectively. However, in 2021, there was a substantial increase to 15.86%, followed by a further increase to 11.12% in 2022.
The operating profit margin rebounded significantly in 2023 to 14.71%, reflecting an improvement from the previous year. Overall, the fluctuating trend in the operating profit margin suggests that Avista Corp. has experienced changes in its cost structure, revenue generation, or efficiency in managing operating expenses over the past five years. Further analysis would be required to determine the specific factors driving these fluctuations and their implications for the company's financial performance.
Peer comparison
Dec 31, 2023