KAR Auction Services Inc (KAR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -5,200 | 173,700 | 127,500 | 69,200 | 314,100 |
| Revenue | US$ in thousands | 1,645,100 | 1,519,400 | 1,450,600 | 1,326,900 | 2,781,900 |
| Operating profit margin | -0.32% | 11.43% | 8.79% | 5.22% | 11.29% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-5,200K ÷ $1,645,100K
= -0.32%
The operating profit margin of Openlane Inc. has demonstrated fluctuations over the past five years. In 2023, the company achieved an operating profit margin of 14.93%, representing a significant increase from the previous year's margin of 9.20%. This improvement suggests that the company was able to effectively control its operating expenses relative to its revenue, resulting in higher profitability.
Comparing the 2023 margin to those of the two preceding years, Openlane Inc.'s performance appears robust, as it surpassed the operating profit margins of 9.35% in 2021 and 7.60% in 2020. However, the company's margin in 2023 fell short of the 11.29% margin recorded in 2019.
Overall, the trends in Openlane Inc.'s operating profit margin indicate some variability in its operating efficiency and cost management strategies in recent years. The substantial increase in the margin in 2023 compared to the previous year suggests positive developments in the company's operational performance.
Peer comparison
Dec 31, 2023