Corsair Gaming Inc (CRSR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | 9,689 | -54,793 | 137,894 | 158,361 |
| Revenue | US$ in thousands | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Operating profit margin | 0.66% | -3.98% | 7.24% | 9.30% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $9,689K ÷ $1,459,880K
= 0.66%
The operating profit margin of Corsair Gaming Inc has experienced fluctuations over the past five years, indicating varying levels of operational efficiency and profitability. In 2023, the company's operating profit margin stood at 0.66%, a slight improvement from the negative margin of -3.98% in 2022. This suggests that Corsair Gaming Inc managed to generate a small profit from its core business activities during the year.
The operating profit margin was notably higher in 2021 at 7.24% and 2020 at 9.30%, indicating stronger operational performance and profitability during these periods. However, there was a dip in 2019 with an operating profit margin of 2.16%, although it still demonstrated a reasonable level of profitability.
Overall, the trend in Corsair Gaming Inc's operating profit margin shows some inconsistency, reflective of potential challenges or changes in the company's operations and cost structures. Further analysis into the factors driving these fluctuations would be necessary to gain a comprehensive understanding of the company's financial performance.
Peer comparison
Dec 31, 2023