Fulgent Genetics Inc (FLGT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -195,529 | 178,527 | 675,953 | 290,158 | -428 |
| Revenue | US$ in thousands | 289,213 | 618,968 | 992,584 | 421,712 | 32,528 |
| Operating profit margin | -67.61% | 28.84% | 68.10% | 68.80% | -1.32% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-195,529K ÷ $289,213K
= -67.61%
The operating profit margin of Fulgent Genetics Inc has fluctuated significantly over the past five years, ranging from -26.03% in 2023 to 68.80% in 2020. This measure indicates the company's efficiency in generating profits from its core operations, with higher percentages reflecting stronger operational performance. The sharp decrease in 2023 compared to the previous years suggests challenges in controlling operating expenses or declining revenues relative to costs. Further investigation into the drivers behind this negative trend would be necessary to assess the company's operational efficiency and profitability prospects.
Peer comparison
Dec 31, 2023