The Cheesecake Factory (CAKE)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 108,566 | 38,935 | 82,318 | -347,437 | 103,598 |
| Revenue | US$ in thousands | 3,439,500 | 3,303,160 | 2,927,540 | 1,982,420 | 2,482,090 |
| Operating profit margin | 3.16% | 1.18% | 2.81% | -17.53% | 4.17% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $108,566K ÷ $3,439,500K
= 3.16%
The operating profit margin of The Cheesecake Factory has fluctuated over the past five years, ranging from a low of -17.53% in 2020 to a high of 4.17% in 2019. The company experienced a significant improvement in operating profit margin in 2023, reaching 3.16%, indicating a stronger operational efficiency compared to the previous year. This suggests that the company was able to effectively manage its operating expenses relative to its revenue in 2023, leading to a more favorable profit margin. However, the operating profit margin remains below the levels achieved in 2019 and 2021. It is important for investors and stakeholders to closely monitor the company's operating profit margin over time to assess its operational performance and efficiency.
Peer comparison
Dec 31, 2023