CTS Corporation (CTS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 75,051 | 93,006 | 76,479 | 45,129 | 53,815 |
| Revenue | US$ in thousands | 550,422 | 586,869 | 512,925 | 424,066 | 468,999 |
| Operating profit margin | 13.64% | 15.85% | 14.91% | 10.64% | 11.47% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $75,051K ÷ $550,422K
= 13.64%
CTS Corp.'s operating profit margin has shown some fluctuations over the past five years. In 2023, the operating profit margin decreased to 14.92% from 16.17% in 2022. Despite this decline, the margin remains relatively healthy, indicating that the company is generating a reasonable level of operating profit relative to its revenue. Comparing to the previous years, the operating profit margin in 2023 is still above the levels seen in 2020 and 2019, suggesting some improvement over the longer term. It would be important for stakeholders to monitor the company's operational efficiency and cost management to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023