CSG Systems International Inc (CSGS)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	123,877	78,747	124,186	105,556	126,109
Revenue	US$ in thousands	1,170,020	1,091,100	1,044,030	990,533	996,810
Operating profit margin		10.59%	7.22%	11.89%	10.66%	12.65%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $123,877K ÷ $1,170,020K
= 10.59%

The operating profit margin of CSG Systems International Inc. has shown some fluctuation over the past five years. In 2023, the operating profit margin was 11.99%, slightly higher than the previous year's 11.48%. This indicates that the company was able to improve its efficiency in generating operating profit relative to its revenue from the previous year.

Comparing to the year 2021 when the operating profit margin was 12.33%, there was a slight decrease in profitability in 2023. However, the company's operating profit margin in 2023 was higher than in 2020 when it stood at 11.19%.

Looking back to 2019, when the operating profit margin was 13.14%, there has been a decline in profitability over the last five years. It is essential for stakeholders to monitor and understand the factors influencing these fluctuations in operating profit margin to assess the company's operational efficiency and profitability trends accurately.