CH Robinson Worldwide Inc (CHRW)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	514,607	1,266,780	1,082,110	673,268	789,976
Revenue	US$ in thousands	17,596,400	24,696,600	23,102,100	16,207,100	15,309,500
Operating profit margin		2.92%	5.13%	4.68%	4.15%	5.16%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $514,607K ÷ $17,596,400K
= 2.92%

The operating profit margin of C.H. Robinson Worldwide, Inc. has shown fluctuations over the past five years. In 2019, the operating profit margin was at its highest point at 5.16%. However, in the following years, there was a decline in the margin, reaching its lowest point in 2023 at 2.92%. This indicates a decrease in the company's efficiency in generating profits from its core operations over the years. Further analysis of the factors contributing to these fluctuations may be necessary to evaluate the company's operational performance in more detail.