Monolithic Power Systems Inc (MPWR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 481,736 | 526,785 | 262,417 | 158,882 | 102,562 |
| Revenue | US$ in thousands | 1,821,070 | 1,794,150 | 1,207,800 | 844,452 | 627,921 |
| Operating profit margin | 26.45% | 29.36% | 21.73% | 18.81% | 16.33% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $481,736K ÷ $1,821,070K
= 26.45%
Monolithic Power System Inc's operating profit margin has shown a general increasing trend over the past five years. The operating profit margin increased from 16.73% in 2019 to 26.45% in 2023. This indicates that the company has been able to improve its efficiency in generating profits from its core operations over the years. The rising trend suggests that Monolithic Power System Inc has been effectively managing its operating expenses and optimizing revenue generation. Overall, the company's operating profit margin performance reflects a positive trajectory, demonstrating improved operational profitability.
Peer comparison
Dec 31, 2023