Avient Corp (AVNT)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	196,800	243,300	279,700	111,600	156,800
Revenue	US$ in thousands	3,025,600	3,817,600	4,743,500	3,167,500	2,803,200
Operating profit margin		6.50%	6.37%	5.90%	3.52%	5.59%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $196,800K ÷ $3,025,600K
= 6.50%

The operating profit margin of Avient Corp has shown fluctuation over the past five years. In 2023, the operating profit margin decreased to 6.26% from 7.16% in 2022, marking a decline in profitability. This decrease is notable compared to the previous trend of increasing margins from 2019 to 2022. The margin in 2021 was 7.91%, the highest during the period under review, indicating strong operational efficiency that year. However, in 2020, the margin dropped to 5.84% before seeing a slight improvement in 2019 at 5.48%. Overall, the company's operating profit margin has exhibited variability, suggesting fluctuations in cost management and revenue generation strategies over the years. Further analysis would be needed to understand the specific factors driving these changes in profitability.