Diodes Incorporated (DIOD)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	250,571	408,193	275,985	134,332	200,608
Revenue	US$ in thousands	1,652,820	1,998,010	1,795,390	1,207,620	1,261,930
Operating profit margin		15.16%	20.43%	15.37%	11.12%	15.90%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $250,571K ÷ $1,652,820K
= 15.16%

To analyze Diodes, Inc.'s operating profit margin over the past five years, we observe fluctuations in the company's ability to generate profits from its core operations.

In 2019, the operating profit margin was 14.10%, indicating that for every dollar of sales revenue, the company retained $0.141 as operating profit. The margin slightly increased in 2020 to 10.94%, suggesting a decrease in profitability relative to sales.

However, there was a notable improvement in 2021 as the operating profit margin increased to 15.30%, indicating better operational efficiency and cost management. This positive trend continued in 2022, with the margin reaching 20.22%, signaling a significant increase in profitability relative to sales.

In the most recent year, 2023, Diodes, Inc. experienced a slight decrease in operating profit margin to 15.05%. This may indicate some challenges or increased costs affecting the company's ability to generate profits from its core business activities.

Overall, Diodes, Inc. has demonstrated varying levels of operating profitability over the past five years, with fluctuations likely influenced by factors such as cost management, sales growth, and overall economic conditions.