Group 1 Automotive Inc (GPI)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	968,600	1,091,400	884,400	495,700	358,300
Revenue	US$ in thousands	17,760,600	16,137,600	13,416,000	10,768,700	11,964,300
Operating profit margin		5.45%	6.76%	6.59%	4.60%	2.99%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $968,600K ÷ $17,760,600K
= 5.45%

Group 1 Automotive, Inc. has shown varying operating profit margins over the past five years. The operating profit margin declined slightly in 2023 to 5.60% from 6.74% in 2022. This decrease followed a trend of generally increasing margins from 2019 to 2022. Despite the slight decrease in 2023, Group 1 Automotive, Inc. managed to maintain a relatively strong operating profit margin compared to 2020 and 2019, where margins were 4.83% and 3.21% respectively. Overall, the company's operating profit margin performance has shown resilience and improvement over the five-year period, indicating effective cost management and operational efficiency.