Charles River Laboratories (CRL)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	617,261	650,975	589,862	432,729	351,151
Revenue	US$ in thousands	4,082,940	4,098,090	3,457,220	2,939,570	2,582,040
Operating profit margin		15.12%	15.88%	17.06%	14.72%	13.60%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $617,261K ÷ $4,082,940K
= 15.12%

The operating profit margin of Charles River Laboratories has shown some variability over the past five years. The margin was relatively stable between 2019 and 2021, ranging from 13.60% to 17.06%. In 2022, there was a slight decrease to 15.88%, followed by another decrease to 15.12% in 2023. Despite the slight decline in recent years, the operating profit margin has generally remained above 13%, indicating the company's ability to generate profits from its core operations. Further analysis of the company's cost structure and revenue streams may help explain the fluctuations in the operating profit margin and provide insights into the company's operational efficiency and profitability.