Ciena Corp (CIEN)
Operating profit margin
| Oct 28, 2023 | Oct 29, 2022 | Oct 30, 2021 | Oct 31, 2020 | Oct 31, 2017 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 357,545 | 222,808 | 495,356 | 486,964 | 214,722 |
| Revenue | US$ in thousands | 4,386,550 | 3,632,660 | 3,620,680 | 3,532,160 | 2,801,690 |
| Operating profit margin | 8.15% | 6.13% | 13.68% | 13.79% | 7.66% |
October 28, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $357,545K ÷ $4,386,550K
= 8.15%
CIENA Corp.'s operating profit margin has varied over the past five years. In 2023, the operating profit margin increased to 8.77% from 7.08% in 2022. However, this figure is lower compared to the 14.57% and 14.54% recorded in 2021 and 2020, respectively. In 2019, the operating profit margin was 10.49%. The fluctuation in the operating profit margin indicates that the company's ability to generate profit from its core operations has experienced some volatility in recent years. Further analysis of the company's cost management, pricing strategies, and revenue generation would be required to fully understand the factors driving these fluctuations.
Peer comparison
Oct 28, 2023