Avantor Inc (AVTR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 696,400 | 1,130,200 | 972,200 | 706,800 | 551,800 |
| Revenue | US$ in thousands | 6,967,200 | 7,512,400 | 7,386,100 | 6,393,600 | 6,040,300 |
| Operating profit margin | 10.00% | 15.04% | 13.16% | 11.05% | 9.14% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $696,400K ÷ $6,967,200K
= 10.00%
Avantor Inc's operating profit margin has shown a fluctuating trend over the past five years, ranging from 9.14% in 2019 to 15.04% in 2022. The operating profit margin indicates the company's ability to generate profits from its core operations, with a higher percentage reflecting better operational efficiency. In 2023, the operating profit margin decreased to 10.00%, which may suggest a potential decrease in efficiency or an increase in operating expenses relative to revenue compared to the previous year. It is important for Avantor Inc to closely monitor and analyze the factors influencing its operating profit margin to maintain or improve profitability in the future.
Peer comparison
Dec 31, 2023