LeMaitre Vascular Inc (LMAT)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	36,712	26,829	36,425	28,788	21,183
Revenue	US$ in thousands	387,188	321,568	306,513	257,563	234,262
Operating profit margin		9.48%	8.34%	11.88%	11.18%	9.04%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $36,712K ÷ $387,188K
= 9.48%

Lemaitre Vascular Inc's operating profit margin has shown some fluctuations over the past five years. In 2021, the company achieved a high operating profit margin of 23.59%, indicating that 23.59% of its total revenue was translated into operating profits. This was a significant improvement from the previous year's margin of 21.89%. However, in 2023, the operating profit margin decreased slightly to 19.22%, which is still a respectable margin. It is worth noting that despite fluctuations, the company has generally maintained a healthy operating profit margin above 18%, demonstrating efficiency in generating profits from its operations. Further analysis into the factors influencing these fluctuations could provide valuable insights into Lemaitre Vascular Inc's operational performance.