Chuy's Holdings Inc (CHUY)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	33,589	22,336	34,402	-8,544	3,436
Revenue	US$ in thousands	461,310	422,215	396,467	320,952	426,357
Operating profit margin		7.28%	5.29%	8.68%	-2.66%	0.81%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $33,589K ÷ $461,310K
= 7.28%

Chuy's Holdings Inc's operating profit margin has shown variability over the past five years. The operating profit margin for the most recent fiscal year ending on December 31, 2023, was 8.36%, which represents an increase compared to the previous fiscal year. The company's operating profit margin was 6.82% in 2022, 11.25% in 2021, 5.37% in 2020, and 4.28% in 2019.

The fluctuation in operating profit margin indicates potential changes in the company's operational efficiency and cost management. A higher operating profit margin suggests that the company is generating more profit per dollar of sales after accounting for operating expenses. It could indicate improved pricing strategies, cost controls, or operational effectiveness. Conversely, a lower operating profit margin may raise concerns about the company's ability to control costs and operate efficiently.

Overall, a positive trend in operating profit margin is generally viewed favorably by investors as it indicates the company's ability to effectively manage costs and generate profits from its core operations. However, it is important to further analyze the underlying factors driving these changes in operating profit margin to assess the company's financial performance comprehensively.