Fresh Del Monte Produce Inc (FDP)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 58,500 | 156,300 | 111,000 | 76,500 | 114,100 |
| Revenue | US$ in thousands | 4,320,700 | 4,442,300 | 4,252,000 | 4,202,300 | 4,489,000 |
| Operating profit margin | 1.35% | 3.52% | 2.61% | 1.82% | 2.54% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $58,500K ÷ $4,320,700K
= 1.35%
Fresh Del Monte Produce Inc's operating profit margin has shown fluctuations over the past five years. In 2023, the operating profit margin decreased to 1.35% from 3.52% in 2022. This sharp decline may indicate a decrease in efficiency and profitability in managing the company's operating expenses relative to its revenue. However, in 2021 and 2019, the operating profit margins were 2.61% and 2.54%, respectively, showing some consistency in maintaining profitability levels. In 2020, there was a slight increase in the operating profit margin to 1.82%.
Overall, Fresh Del Monte Produce Inc's operating profit margin has exhibited variability, suggesting potential challenges in consistently generating profits from its core operations. It would be prudent for stakeholders to further investigate the factors contributing to these fluctuations to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023