Kelly Services A Inc (KELYA)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	24,300	14,800	48,600	-93,600	81,800
Revenue	US$ in thousands	4,834,000	4,948,800	4,905,600	4,506,800	5,355,600
Operating profit margin		0.50%	0.30%	0.99%	-2.08%	1.53%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $24,300K ÷ $4,834,000K
= 0.50%

The operating profit margin for Kelly Services, Inc. has fluctuated over the past five years. In 2023, the operating profit margin decreased to 0.55% from the previous year's 1.38%. This decline indicates a reduction in the company's ability to generate profits from its core operations compared to the prior year. In 2022, the operating profit margin stood at 0.99%, showing a slight improvement from 2021's figure of 0.49%. However, the margin was significantly higher in 2021, reflecting a stronger performance compared to the surrounding years. The highest operating profit margin of 1.59% was recorded in 2019, showcasing the company's ability to generate more profits relative to its operating costs. Overall, fluctuations in the operating profit margin suggest varying levels of efficiency and profitability in Kelly Services, Inc.'s operations over the analyzed period.