California Resources Corp (CRC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 808,000 | 812,000 | 293,000 | 429,000 | 769,000 |
| Revenue | US$ in thousands | 2,801,000 | 2,707,000 | 1,889,000 | 2,634,000 | 3,064,000 |
| Operating profit margin | 28.85% | 30.00% | 15.51% | 16.29% | 25.10% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $808,000K ÷ $2,801,000K
= 28.85%
The operating profit margin of California Resources Corporation has shown a relatively stable trend over the past three years. It was 27.85% in 2022, slightly decreasing to 27.49% in 2023. This indicates that the company has been able to maintain a strong level of profitability in its operations. Furthermore, when compared to the operating profit margin of 11.54% in 2021, there has been a significant improvement in the company's operational efficiency and profitability. Overall, the consistent operating profit margin above 20% reflects the company's ability to effectively manage its operating expenses and generate profit from its core business activities.
Peer comparison
Dec 31, 2023