Flex Ltd (FLEX)

Operating profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating income	US$ in thousands	853,000	1,017,000	972,000	795,000	415,000
Revenue	US$ in thousands	26,184,000	30,152,000	25,920,000	23,995,000	24,212,300
Operating profit margin		3.26%	3.37%	3.75%	3.31%	1.71%

March 31, 2024 calculation

Operating profit margin = Operating income ÷ Revenue
= $853,000K ÷ $26,184,000K
= 3.26%

Flex Ltd's operating profit margin has varied over the past five years, ranging from 1.71% in March 2020 to 3.75% in March 2022. The trend indicates a slight decrease in operating profit margin from 2022 to 2024, suggesting potential challenges in generating profits from its core operations. It is important for the company to closely monitor and possibly improve its operational efficiency to enhance profitability and sustainability in the long term.