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