Hanesbrands Inc (HBI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 288,782 | 519,545 | 797,728 | 42,666 | 850,685 |
| Revenue | US$ in thousands | 5,628,060 | 6,226,350 | 6,745,200 | 6,115,600 | 6,956,190 |
| Operating profit margin | 5.13% | 8.34% | 11.83% | 0.70% | 12.23% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $288,782K ÷ $5,628,060K
= 5.13%
The operating profit margin of Hanesbrands Inc has shown fluctuation over the past five years, ranging from as low as 0.70% in 2020 to as high as 12.23% in 2019. The trend indicates a decline in profitability in 2020 followed by a recovery and subsequent decrease in the following years. The most recent data for 2023 reflects an operating profit margin of 5.13%, which suggests a reduced profitability compared to the prior year. Further investigation into the company's operational efficiency and cost management strategies may be warranted to understand the factors contributing to these fluctuations in operating profit margin.