Littelfuse Inc (LFUS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 360,862 | 500,826 | 385,642 | 162,372 | 192,791 |
| Revenue | US$ in thousands | 2,310,490 | 2,463,320 | 2,044,240 | 1,439,720 | 1,476,410 |
| Operating profit margin | 15.62% | 20.33% | 18.86% | 11.28% | 13.06% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $360,862K ÷ $2,310,490K
= 15.62%
Littelfuse Inc's operating profit margin has displayed some fluctuations over the past five years. In 2023, the operating profit margin decreased to 15.62% from 20.33% in 2022, indicating a decline in profitability. This could be a concerning trend for investors and stakeholders as it signifies a potential decrease in the company's efficiency in generating profits from its core operations.
Comparing the latest operating profit margin to prior years, Littelfuse Inc's profitability in 2023 was lower than in 2021 (18.86%) and 2019 (13.06%), but higher than in 2020 (11.28%). These comparisons suggest that the company's operating profit margin has been somewhat volatile in recent years.
It is essential for Littelfuse Inc to closely monitor and manage its operating expenses and revenue generation strategies to improve its operating profit margin in the future. By focusing on cost control measures and revenue enhancement initiatives, the company may be able to enhance its operational efficiency and profitability in the long run.
Peer comparison
Dec 31, 2023