Darling Ingredients Inc (DAR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 949,726 | 1,029,070 | 884,470 | 430,936 | 475,821 |
| Revenue | US$ in thousands | 6,543,760 | 6,399,860 | 4,676,920 | 3,496,520 | 3,274,760 |
| Operating profit margin | 14.51% | 16.08% | 18.91% | 12.32% | 14.53% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $949,726K ÷ $6,543,760K
= 14.51%
Darling Ingredients Inc's operating profit margin has shown some fluctuations over the past five years. In 2021, the operating profit margin was at its peak of 18.91%, indicating strong operational efficiency and profitability. However, the margin declined in 2022 to 16.08% before dropping further to 14.51% in 2023.
Despite the recent decreases, the company's operating profit margin in 2023 remains relatively healthy, demonstrating its ability to generate profits from its core operations. It is important for stakeholders to closely monitor the trend in the operating profit margin to assess the company's overall financial performance and efficiency in utilizing its resources.
Peer comparison
Dec 31, 2023