Lattice Semiconductor Corporation (LSCC)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	212,270	187,367	100,816	52,366	59,041
Revenue	US$ in thousands	739,195	656,210	512,589	404,418	390,127
Operating profit margin		28.72%	28.55%	19.67%	12.95%	15.13%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $212,270K ÷ $739,195K
= 28.72%

The operating profit margin of Lattice Semiconductor Corporation has shown improvement over the past five years, ranging from 15.13% in 2019 to 28.72% in 2023. The company's ability to generate profit from its core operations has strengthened steadily, indicating effective cost management and revenue generation strategies. The consistent increase in operating profit margin reflects operational efficiency and better utilization of resources, which is a positive indicator of the company's financial health and management effectiveness.