Innoviva Inc (INVA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 17,352 | 115,180 | 122,732 | 321,123 | 246,360 |
| Revenue | US$ in thousands | 291,306 | 294,888 | 372,796 | 318,463 | 242,036 |
| Operating profit margin | 5.96% | 39.06% | 32.92% | 100.84% | 101.79% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $17,352K ÷ $291,306K
= 5.96%
The operating profit margin of Innoviva Inc has exhibited variations over the past five years. In 2023, the operating profit margin stood at 68.63%, showing a slight increase from the previous year's margin of 64.16%. However, this is significantly lower compared to the margins observed in 2021, 2020, and 2019, which were 95.72%, 95.35%, and 94.39% respectively.
The decline in the operating profit margin in 2023 compared to the preceding years could indicate potential changes in the company's cost structure, revenue generation, or efficiency in managing operating expenses. It is essential for stakeholders to further investigate the underlying reasons behind this fluctuation to assess the company's operational performance and sustainability in the long term.
Peer comparison
Dec 31, 2023