Exelixis Inc (EXEL)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	170,885	201,484	286,666	110,060	369,470
Revenue	US$ in thousands	1,830,210	1,611,060	1,434,970	987,538	967,775
Operating profit margin		9.34%	12.51%	19.98%	11.14%	38.18%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $170,885K ÷ $1,830,210K
= 9.34%

The operating profit margin of Exelixis Inc has shown fluctuations over the past five years. In 2019, the company achieved a high operating profit margin of 38.18%, indicating efficient cost management and strong revenue generation. This declined significantly to 11.14% in 2020, possibly due to increased costs or a drop in revenue.

However, there was a notable recovery in 2021 when the operating profit margin improved to 19.98%, suggesting improved operational efficiency or increased revenue streams. Subsequently, in 2022, the margin increased further to 12.51%, reflecting sustained operational performance.

The latest data for 2023 shows a slight decrease in the operating profit margin to 9.34%. This decrease may warrant further investigation into the factors influencing the margin, such as changes in costs, pricing strategies, or revenue streams.

Overall, while Exelixis Inc has shown variability in its operating profit margin in recent years, the company's ability to adapt to changing market conditions and operational challenges will be crucial for maintaining profitability in the future.