Knowles Cor (KN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 51,100 | -414,800 | 115,800 | 29,200 | 81,200 |
| Revenue | US$ in thousands | 707,600 | 764,700 | 868,100 | 764,300 | 854,800 |
| Operating profit margin | 7.22% | -54.24% | 13.34% | 3.82% | 9.50% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $51,100K ÷ $707,600K
= 7.22%
Knowles Corp's operating profit margin has shown fluctuations over the past five years. In 2023, the operating profit margin decreased to 6.12%, down from 12.80% in 2022 and 13.86% in 2021. The margin was similar to the level in 2020, which was 6.42%. However, compared to 2019, when the margin was at 10.20%, the 2023 operating profit margin is noticeably lower. This downward trend in operating profit margin may indicate challenges in managing operating expenses relative to revenue generation. Further analysis of the company's cost structure and efficiency measures may be warranted to address the decline in operating profit margin.
Peer comparison
Dec 31, 2023