Hasbro Inc (HAS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -1,538,800 | 407,700 | 763,300 | 501,800 | 652,100 |
| Revenue | US$ in thousands | 5,003,300 | 5,856,700 | 6,420,400 | 5,465,400 | 4,720,200 |
| Operating profit margin | -30.76% | 6.96% | 11.89% | 9.18% | 13.82% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-1,538,800K ÷ $5,003,300K
= -30.76%
The operating profit margin of Hasbro, Inc. has been declining over the past five years. The margin stood at 3.83% as of December 31, 2023, which is a decrease from 7.34% in 2022, 13.58% in 2021, 13.18% in 2020, and 13.81% in 2019. This downward trend in operating profit margin suggests that Hasbro may be facing challenges in generating profits from its core business operations relative to its revenues. It is important for the company to closely monitor its cost structure and explore opportunities to improve operational efficiency to enhance profitability in the future.