Harmony Biosciences Holdings (HRMY)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating income	US$ in thousands	192,030	120,186	87,528	16,986
Revenue	US$ in thousands	548,499	419,060	255,101	134,691
Operating profit margin		35.01%	28.68%	34.31%	12.61%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $192,030K ÷ $548,499K
= 35.01%

Harmony Biosciences Holdings Inc has demonstrated a positive trend in its operating profit margin over the past four years. The operating profit margin increased from 10.63% in Dec 31, 2020, to 32.99% in Dec 31, 2023. This upward trajectory indicates the company's ability to efficiently generate profits from its core operations, reflecting improved cost management and revenue generation strategies. The steady improvement in operating profit margin suggests that Harmony Biosciences Holdings Inc has been successful in enhancing operational efficiency and profitability over the years.