Inter Parfums Inc (IPAR)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	251,382	194,303	148,050	70,083	104,727
Revenue	US$ in thousands	1,317,700	1,086,700	879,500	539,000	713,500
Operating profit margin		19.08%	17.88%	16.83%	13.00%	14.68%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $251,382K ÷ $1,317,700K
= 19.08%

Inter Parfums, Inc.'s operating profit margin has demonstrated a generally positive trend over the last five years. The company's operating profit margin increased from 14.68% in 2019 to 19.08% in 2023, indicating an improvement in its operational efficiency and cost management.

The consistent growth in the operating profit margin reflects the company's ability to generate more profit from its operations for each dollar of sales. This suggests that Inter Parfums has been effectively controlling its operating expenses and increasing its profitability over time.

The upward trend in the operating profit margin indicates a healthier financial performance and stronger operational efficiency for Inter Parfums, Inc. It signifies that the company has been successful in managing its costs while maintaining or growing its revenue, resulting in improved profitability ratios. This positive trajectory may signal sustainable growth and financial stability for the company in the future.