Illumina Inc (ILMN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -1,069,000 | -4,179,000 | -123,000 | 580,000 | 985,000 |
| Revenue | US$ in thousands | 4,504,000 | 4,584,000 | 4,526,000 | 3,239,000 | 3,543,000 |
| Operating profit margin | -23.73% | -91.16% | -2.72% | 17.91% | 27.80% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-1,069,000K ÷ $4,504,000K
= -23.73%
Illumina Inc's operating profit margin has exhibited variability over the past five years. The company experienced a significant decline in operating profit margin from 27.80% in December 2019 to 17.91% in January 2021, representing a noticeable decrease in profitability. However, in the subsequent years, the operating profit margin continued to deteriorate, dropping to -2.72% in January 2022 and further to -4.93% by December 2023.
This trend suggests that Illumina Inc faced challenges in maintaining profitability, leading to negative operating profit margins in the latest periods. A negative operating profit margin indicates that the company's operating expenses exceeded its gross profit, resulting in losses from core business operations.
Overall, Illumina Inc's operating profit margin trend reflects a concerning decline in profitability over the analyzed period, emphasizing the importance of closely monitoring and addressing factors impacting the company's operational efficiency and cost management strategies to enhance profitability in the future.
Peer comparison
Dec 31, 2023