Cirrus Logic Inc (CRUS)

Operating profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating income	US$ in thousands	343,466	249,031	366,338	237,182	173,480
Revenue	US$ in thousands	1,788,060	1,896,530	1,781,390	1,369,220	1,280,980
Operating profit margin		19.21%	13.13%	20.56%	17.32%	13.54%

March 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $343,466K ÷ $1,788,060K
= 19.21%

Cirrus Logic Inc's operating profit margin has displayed some variability over the past five years. The margin was 19.21% in March 2024, showing an increase compared to the previous year's 13.13%. This indicates an improvement in the company's ability to generate profits from its core operations. When looking back further, the operating profit margin was relatively high at 20.56% in March 2022 and 17.32% in March 2021, suggesting strong operational efficiency during those years. However, there was a slight decrease to 13.54% in March 2020. Overall, the trend in recent years indicates fluctuation in operating profit margin, but the company has generally been able to maintain healthy levels of profitability from its operations.