American States Water Company (AWR)
Operating profit margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Operating income | US$ in thousands | 196,740 | 126,636 | 140,977 | 130,499 | 127,073 |
Revenue | US$ in thousands | 595,699 | 491,528 | 498,853 | 488,243 | 473,869 |
Operating profit margin | 33.03% | 25.76% | 28.26% | 26.73% | 26.82% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $196,740K ÷ $595,699K
= 33.03%
The operating profit margin of American States Water Co. has shown fluctuations over the past five years. In 2023, the operating profit margin has increased significantly to 33.01% compared to 23.31% in 2022. This improvement indicates that the company has become more efficient in generating profits from its core operations.
Looking at the trend over the past five years, the operating profit margin was relatively stable around the mid-20% range between 2019 and 2022. The notable increase seen in 2023 suggests that the company may have implemented strategies to enhance operational efficiency and cost management.
Overall, the increasing trend in the operating profit margin for American States Water Co. indicates a positive performance in terms of profitability from its core business activities. It is essential for the company to continue monitoring and optimizing its operational performance to sustain and potentially improve this trend in the future.
Peer comparison
Dec 31, 2023