Axalta Coating Systems Ltd (AXTA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 587,500 | 423,200 | 462,400 | 305,500 | 488,200 |
| Revenue | US$ in thousands | 5,184,100 | 4,884,400 | 4,416,200 | 3,737,600 | 4,482,200 |
| Operating profit margin | 11.33% | 8.66% | 10.47% | 8.17% | 10.89% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $587,500K ÷ $5,184,100K
= 11.33%
The operating profit margin of Axalta Coating Systems Ltd has shown fluctuations over the past five years. In 2023, the operating profit margin improved to 11.33%, indicating that the company generated $0.1133 in operating profit for every dollar of sales. This reflects a positive trend compared to the previous year where the margin was 8.66%.
The operating profit margin in 2021 was 10.47%, which was higher than in 2020 when it was 8.17%. However, it is slightly lower compared to 2019 when it stood at 10.89%. Overall, the fluctuation in the operating profit margin suggests some variability in the company's ability to control operating expenses and generate profits from its core business operations.
It would be beneficial for stakeholders to further investigate the factors contributing to these variations in order to assess the company's operational efficiency and profitability sustainability.
Peer comparison
Dec 31, 2023