Inari Medical Inc (NARI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Operating income | US$ in thousands | -14,032 | -28,099 | 10,844 | 18,419 |
| Revenue | US$ in thousands | 493,364 | 383,471 | 276,984 | 139,670 |
| Operating profit margin | -2.84% | -7.33% | 3.92% | 13.19% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-14,032K ÷ $493,364K
= -2.84%
The operating profit margin of Inari Medical Inc has shown a declining trend over the past four years, decreasing from 13.19% in 2020 to -2.84% in 2023. This decline may be a cause for concern as it indicates that the company's ability to generate profits from its core operations has weakened significantly. Factors such as increasing operating expenses or declining revenues may be contributing to this negative trend. Management should closely evaluate the company's cost structure and operational efficiency to improve the operating profit margin and enhance overall profitability in the future.
Peer comparison
Dec 31, 2023