NewJersey Resources Corporation (NJR)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 407,000 | 406,475 | 288,350 | 228,909 | 164,556 |
| Revenue | US$ in thousands | 2,674,370 | 4,515,980 | 3,389,420 | 2,991,430 | 2,543,480 |
| Operating profit margin | 15.22% | 9.00% | 8.51% | 7.65% | 6.47% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $407,000K ÷ $2,674,370K
= 15.22%
The operating profit margin of New Jersey Resources Corporation has exhibited a positive trend over the past five years. The margin has consistently increased from 5.94% in September 2019 to 20.73% in September 2023. This indicates an improvement in the company's ability to generate profits from its core operations relative to its revenue. The progressive rise in the operating profit margin suggests that the company has been effectively managing its operating expenses and costs, resulting in a greater proportion of revenue being translated into operating profits. This improvement reflects positively on the company's operational efficiency and profitability.
Peer comparison
Sep 30, 2023