Civitas Resources Inc (CIVI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -407,247 | 992,181 | -67,761 | -176,807 | 157,224 |
| Revenue | US$ in thousands | 3,296,250 | 3,775,140 | 923,213 | 215,005 | 312,095 |
| Operating profit margin | -12.35% | 26.28% | -7.34% | -82.23% | 50.38% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-407,247K ÷ $3,296,250K
= -12.35%
Civitas Resources Inc's operating profit margin has shown variability over the past five years. In 2023, the operating profit margin decreased to 35.17%, down from 53.46% in 2022 but still higher than the 45.44% recorded in 2021. This decline may indicate a decrease in operational efficiency or an increase in operating expenses relative to revenue. The 2023 margin is significantly lower than the peak of 53.46% in 2022, suggesting a potential decrease in profitability. However, it is noteworthy that the 2023 margin is still higher than the 2019 figure of 37.28%. Further analysis of the company's cost structure and revenue-generating activities would be necessary to fully understand the factors driving this trend in operating profit margin.
Peer comparison
Dec 31, 2023