PC Connection Inc (CNXN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 103,153 | 120,552 | 96,517 | 72,074 | 111,972 |
| Revenue | US$ in thousands | 2,850,070 | 3,124,980 | 2,892,630 | 2,590,160 | 2,819,820 |
| Operating profit margin | 3.62% | 3.86% | 3.34% | 2.78% | 3.97% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $103,153K ÷ $2,850,070K
= 3.62%
The operating profit margin of PC Connection Inc has shown some fluctuations over the past five years. In 2023, the operating profit margin decreased to 3.62% from 3.86% in 2022. This decline may suggest that the company's operating expenses increased relative to its revenue, impacting profitability.
Compared to previous years, the operating profit margin in 2023 remains within a relatively stable range. It was higher than in 2021 (3.34%) and 2020 (2.78%) but lower than in 2019 (3.97%). This indicates that while there has been some variability, the company has been able to maintain a consistent level of profitability over the years.
Analyzing the trend over the five-year period, we observe some fluctuations in the operating profit margin, which may result from changes in cost management, pricing strategies, or shifts in revenue streams. Therefore, further evaluation of the company's cost structure and overall operational efficiency may provide insights into the factors influencing PC Connection Inc's operating profit margin performance.
Peer comparison
Dec 31, 2023