Benchmark Electronics Inc (BHE)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	109,664	90,069	53,062	25,134	28,545
Revenue	US$ in thousands	2,838,980	2,886,330	2,255,320	2,053,130	2,268,100
Operating profit margin		3.86%	3.12%	2.35%	1.22%	1.26%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $109,664K ÷ $2,838,980K
= 3.86%

Benchmark Electronics Inc.'s operating profit margin has been showing a positive trend over the past five years. The margin increased from 2.17% in 2019 to 4.16% in 2023, indicating the company's ability to generate more operating profit from its operations over time. This improvement suggests that Benchmark Electronics has been effectively managing its operating expenses and increasing operational efficiency. The company's consistent growth in operating profit margin reflects positively on its operational performance and financial health.