Bio-Rad Laboratories Inc (BIO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 337,796 | 482,616 | 500,336 | 421,326 | 229,661 |
| Revenue | US$ in thousands | 5,298,670 | 5,562,940 | 5,851,740 | 5,058,790 | 4,601,000 |
| Operating profit margin | 6.38% | 8.68% | 8.55% | 8.33% | 4.99% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $337,796K ÷ $5,298,670K
= 6.38%
Bio-Rad Laboratories Inc.'s operating profit margin has shown fluctuations over the past five years. The operating profit margin was highest in 2022 at 17.22% but decreased to 12.65% in 2023. Despite this decrease, the company maintained a relatively stable operating profit margin above 9% in the preceding years, indicating consistent profitability in its operations. The fluctuations in the operating profit margin may be attributed to various factors such as changes in revenue, expenses, and operational efficiency. Further analysis of the company's financial statements and performance drivers would be necessary to understand the specific reasons behind these fluctuations and to assess the company's overall financial health.
Peer comparison
Dec 31, 2023