Dorman Products Inc (DORM)

Operating profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Operating income US$ in thousands 214,760 171,048 171,551 133,373 105,828
Revenue US$ in thousands 1,881,730 1,718,170 1,343,090 1,095,250 991,329
Operating profit margin 11.41% 9.96% 12.77% 12.18% 10.68%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $214,760K ÷ $1,881,730K
= 11.41%

The operating profit margin of Dorman Products Inc has shown fluctuations over the past five years. In 2023, the operating profit margin increased to 11.13% from 9.87% in 2022, showing an improvement in the company's ability to generate profits from its operations. However, this is lower than the margin of 12.75% recorded in 2021. Despite the slight decrease in 2023, Dorman Products Inc has maintained a relatively stable operating profit margin range between 10.68% and 12.75% in recent years, indicating consistent operational efficiency and profitability.