Matson Inc (MATX)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	342,800	1,353,600	1,187,500	280,300	129,100
Revenue	US$ in thousands	3,081,800	4,326,500	3,903,500	2,353,100	2,182,000
Operating profit margin		11.12%	31.29%	30.42%	11.91%	5.92%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $342,800K ÷ $3,081,800K
= 11.12%

The operating profit margin of Matson Inc has shown fluctuating trends over the past five years. In 2023, the operating profit margin decreased to 11.01% from 29.25% in 2022. This decline may indicate a decrease in operational efficiency or an increase in operating expenses relative to revenue. Despite this decrease, the operating profit margin in 2023 remains higher compared to the margins in 2020 (10.66%) and 2019 (4.92%).

The significant drop in the operating profit margin from 2022 to 2023 suggests a potential need for further analysis to understand the underlying reasons for this decline and to strategize on improving operational performance and cost management in the future. It is essential for Matson Inc to closely monitor its operating expenses and revenue generation to maintain a healthy operating profit margin and sustainable profitability in the long term.