Compass Minerals International Inc (CMP)

Operating profit margin

		Sep 30, 2023	Sep 30, 2022	Dec 31, 2020	Dec 31, 2019	Dec 31, 2018
Operating income	US$ in thousands	79,100	42,900	103,000	163,600	130,300
Revenue	US$ in thousands	281,500	1,200,100	946,700	1,408,800	1,436,900
Operating profit margin		28.10%	3.57%	10.88%	11.61%	9.07%

September 30, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $79,100K ÷ $281,500K
= 28.10%

To analyze the operating profit margin of Compass Minerals International Inc over the past five years, we can observe a fluctuating trend. In September 2023, the operating profit margin increased significantly to 6.31% from 3.03% in September 2022. However, this current margin is notably lower compared to the margins in 2020 and 2019, which stood at 10.25% and 10.98% respectively. The margin in December 2018 was 8.72%.

This fluctuation suggests that the company's ability to generate profit from its core operations has varied over the years. It is essential to further investigate the factors contributing to these fluctuations, such as changes in revenue, cost of goods sold, and operating expenses, to gain a deeper understanding of the company's performance.