Warrior Met Coal Inc (HCC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 541,406 | 801,424 | 243,753 | -27,139 | 383,392 |
| Revenue | US$ in thousands | 1,703,690 | 1,735,450 | 1,045,640 | 784,294 | 1,279,610 |
| Operating profit margin | 31.78% | 46.18% | 23.31% | -3.46% | 29.96% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $541,406K ÷ $1,703,690K
= 31.78%
Warrior Met Coal Inc's operating profit margin has exhibited significant fluctuations over the past five years. In 2023, the operating profit margin stood at 32.79%, marking a decrease from the previous year's figure of 48.14%. Despite this decline, the company's profitability remained strong compared to earlier years, such as 2020 when they experienced a negative operating profit margin of -3.47%.
The operating profit margin in 2023 indicates that Warrior Met Coal Inc is effectively managing its operating expenses relative to its revenue, albeit at a slightly lower efficiency compared to 2022. This metric suggests that the company is generating a healthy level of operating profit from its core operations. It is important for Warrior Met Coal Inc to monitor and potentially improve its operating efficiency to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023