Ingredion Incorporated (INGR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 957,000 | 762,000 | 310,000 | 582,000 | 664,000 |
| Revenue | US$ in thousands | 8,160,000 | 7,946,000 | 6,894,000 | 5,966,000 | 6,200,000 |
| Operating profit margin | 11.73% | 9.59% | 4.50% | 9.76% | 10.71% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $957,000K ÷ $8,160,000K
= 11.73%
The operating profit margin of Ingredion Inc has shown some fluctuations over the past five years. In 2023, the company's operating profit margin improved to 11.76% from 9.80% in 2022, indicating better efficiency in generating profits from its core operations. This increase might be attributed to effective cost management or revenue growth strategies implemented by the company during the year.
Comparing 2021 and 2020, the operating profit margin decreased slightly from 9.62% to 10.76%. This decline could be a result of various factors such as increasing operating expenses or pricing pressures that impacted the company's profitability during this period.
Looking back to 2019, the operating profit margin was 11.31%, slightly higher than the current year. This suggests that the company might have encountered challenges in maintaining or improving its profitability levels since then.
Overall, the trend in Ingredion Inc's operating profit margin has been somewhat mixed in recent years, with fluctuations reflecting changes in its operational performance and market conditions. Further analysis of the company's financial statements and business strategies would provide more insights into the factors driving these variations in operating profit margin.
Peer comparison
Dec 31, 2023