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.