Haverty Furniture Companies Inc (HVT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 67,126 | 117,839 | 118,250 | 111,504 | 27,774 |
| Revenue | US$ in thousands | 867,570 | 1,048,700 | 1,013,110 | 783,124 | 803,578 |
| Operating profit margin | 7.74% | 11.24% | 11.67% | 14.24% | 3.46% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $67,126K ÷ $867,570K
= 7.74%
The operating profit margin of Haverty Furniture Companies Inc has exhibited variability over the past five years. In 2019, the operating profit margin was relatively low at 3.46%, indicating that the company generated $0.0346 in operating profit for every dollar of sales. The margin improved significantly in 2020 to 14.24%, showing a strong operational performance and efficient cost management. However, in the following years, the operating profit margins have declined, with 2021 and 2022 recording margins of 11.67% and 11.24% respectively. The most recent data for 2023 shows a further decrease to 7.74%, suggesting potential challenges or changes in the company's operating efficiency. This fluctuation in operating profit margins indicates the importance of monitoring cost structures and revenue generation strategies to sustain and enhance profitability in the competitive furniture industry.
Peer comparison
Dec 31, 2023