Avanos Medical Inc (AVNS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 4,200 | 35,500 | 10,400 | -48,500 | -55,700 |
| Revenue | US$ in thousands | 587,500 | 810,000 | 741,300 | 699,300 | 682,600 |
| Operating profit margin | 0.71% | 4.38% | 1.40% | -6.94% | -8.16% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $4,200K ÷ $587,500K
= 0.71%
The operating profit margin of Avanos Medical Inc has shown fluctuation over the past five years. In 2023, the operating profit margin stood at 2.60%, a decrease from the prior year's margin of 9.45%. This decline suggests a decrease in the company's ability to generate profits from its core operations compared to the previous year. Despite the drop in 2023, the operating profit margin was still higher than in 2021 when it was at 4.26%. However, it remains significantly lower than the margins in 2020 and 2019, which were 0.81% and -4.96%, respectively. The negative operating profit margin in 2019 indicates that the company was operating at a loss. Overall, the fluctuating operating profit margins suggest varying levels of operational efficiency and profitability for Avanos Medical Inc over the past five years.
Peer comparison
Dec 31, 2023