California Water Service Group (CWT)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	77,135	127,660	126,770	136,666	99,412
Revenue	US$ in thousands	747,613	804,187	749,273	755,324	626,488
Operating profit margin		10.32%	15.87%	16.92%	18.09%	15.87%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $77,135K ÷ $747,613K
= 10.32%

The operating profit margin of California Water Service Group has shown a downward trend over the past five years. In 2023, the operating profit margin decreased to 9.71% from 15.08% in 2022 and 16.03% in 2021. This decline indicates that the company's profitability from its core operations has reduced compared to prior years. It is essential for California Water Service Group to closely monitor its operating expenses and revenue generation to improve its operating profit margin and enhance overall financial performance in the future.