Kontoor Brands Inc (KTB)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	319,269	356,665	282,979	123,834	168,290
Revenue	US$ in thousands	2,579,340	2,604,520	2,434,200	2,097,840	2,548,840
Operating profit margin		12.38%	13.69%	11.63%	5.90%	6.60%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $319,269K ÷ $2,579,340K
= 12.38%

Kontoor Brands Inc's operating profit margin has shown fluctuation over the past five years, ranging from 5.90% in 2020 to 13.69% in 2022. The margin decreased slightly to 12.38% in 2023. This metric indicates the company's efficiency in generating profits from its core operations, with higher percentages reflecting better operational performance. It is worth noting that Kontoor Brands Inc experienced significant improvement in its operating profit margin from 2019 to 2022 before a slight decline in 2023. Overall, the trend suggests some variability in the company's operational efficiency and profitability over the years.