Microchip Technology Inc (MCHP)
Operating profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,571,000 | 3,116,000 | 1,849,600 | 998,100 | 647,100 |
| Revenue | US$ in thousands | 7,634,400 | 8,438,700 | 6,820,900 | 5,438,400 | 5,274,200 |
| Operating profit margin | 33.68% | 36.93% | 27.12% | 18.35% | 12.27% |
March 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,571,000K ÷ $7,634,400K
= 33.68%
The operating profit margin of Microchip Technology Inc has shown a trend of improvement over the past five years, indicating effective management of operating expenses relative to revenue generation. The margin increased from 12.27% in 2020 to 33.68% in 2024, with a significant rise in profitability. This upward trend suggests enhanced operational efficiency and cost control measures implemented by the company. Despite a slight dip in 2022, the company managed to bounce back and achieve a higher margin in 2023 and 2024, reflecting a strong performance in recent years. Overall, these figures demonstrate a positive trajectory in Microchip Technology Inc's profitability and operational effectiveness.
Peer comparison
Mar 31, 2024