Dine Brands Global Inc (DIN)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	178,877	166,248	173,863	55,453	196,129
Revenue	US$ in thousands	831,068	909,400	896,167	689,300	910,178
Operating profit margin		21.52%	18.28%	19.40%	8.04%	21.55%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $178,877K ÷ $831,068K
= 21.52%

Dine Brands Global Inc's operating profit margin has displayed fluctuations over the past five years, ranging from a low of 14.16% in 2020 to a high of 23.50% in 2019. The company experienced a notable improvement in its operating profit margin in 2023, reaching 22.92%, a significant increase compared to the previous year's 19.68%. This indicates that Dine Brands Global Inc managed to generate more operating profit relative to its revenue in 2023, demonstrating efficiency in controlling operating expenses and improving operational performance. The fluctuation in operating profit margins over the years could reflect changes in the company's cost structure, pricing strategy, or overall operational efficiency. It would be important for stakeholders to further analyze the company's financial performance and operating strategies to understand the drivers behind these fluctuations and assess the sustainability of the improved operating profit margin in 2023.