LyondellBasell Industries NV (LYB)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 3,053,000 | 5,101,000 | 6,773,000 | 1,559,000 | 4,116,000 |
| Revenue | US$ in thousands | 41,107,000 | 50,451,000 | 46,173,000 | 27,753,000 | 34,727,000 |
| Operating profit margin | 7.43% | 10.11% | 14.67% | 5.62% | 11.85% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $3,053,000K ÷ $41,107,000K
= 7.43%
The operating profit margin of LyondellBasell Industries NV has shown fluctuations over the past five years. In 2023, the operating profit margin decreased to 8.69% from 10.25% in 2022. This decline may indicate challenges in managing operating expenses relative to revenue generation during the year.
Comparing to the peak level of 16.02% in 2021, the operating profit margin decreased significantly in 2023. Despite the decline from the previous years, the operating profit margin is still positive, suggesting that the company is generating profits from its core operations.
In 2020, the operating profit margin was 7.71%, indicating a relatively lower profitability compared to the surrounding years. However, in 2019, the operating profit margin was higher at 11.85%, indicating better operational efficiency and profitability compared to the most recent years.
Overall, the declining trend in the operating profit margin of LyondellBasell Industries NV in recent years calls for a closer examination of the company's cost management strategies and revenue generation capabilities to enhance profitability in the future.
Peer comparison
Dec 31, 2023