Mondelez International Inc (MDLZ)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 5,502,000 | 3,534,000 | 4,653,000 | 3,853,000 | 3,843,000 |
| Revenue | US$ in thousands | 36,016,000 | 31,496,000 | 28,720,000 | 26,581,000 | 25,868,000 |
| Operating profit margin | 15.28% | 11.22% | 16.20% | 14.50% | 14.86% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $5,502,000K ÷ $36,016,000K
= 15.28%
Mondelez International Inc.'s operating profit margin has exhibited some fluctuation over the past five years. The operating profit margin was relatively high at 16.91% in 2021, indicating that the company was able to efficiently control its operating expenses and generate profit from its core operations. However, the margin decreased to 12.05% in 2022, reflecting a potential increase in operating expenses or a decline in operating revenue relative to the prior year.
In 2023, Mondelez International Inc.'s operating profit margin improved to 15.58%, showing a positive trend compared to the previous year. This uptick suggests that the company may have implemented cost-saving measures or improved operational efficiency to enhance profitability.
Overall, the company's operating profit margin has generally remained above 15% over the past five years, indicating that Mondelez International Inc. has been effectively managing its operating costs and generating healthy profits from its core business activities.
Peer comparison
Dec 31, 2023