Insight Enterprises Inc (NSIT)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 419,795 | 413,700 | 332,061 | 271,575 | 240,594 |
| Revenue | US$ in thousands | 9,134,720 | 10,391,700 | 9,395,600 | 8,298,980 | 7,702,710 |
| Operating profit margin | 4.60% | 3.98% | 3.53% | 3.27% | 3.12% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $419,795K ÷ $9,134,720K
= 4.60%
Insight Enterprises Inc.'s operating profit margin has shown a steady increase over the past five years, indicating improvements in the company's operational efficiency and profitability. The ratio has progressed from 3.33% in 2019 to 4.72% in 2023. This upward trend suggests that the company has been able to generate more profit from its core business activities relative to its revenue, showcasing effective cost management or revenue growth strategies. The consistent growth in operating profit margin showcases Insight's ability to optimize its operations and maximize earnings, which may be viewed positively by investors and stakeholders as a sign of financial health and sustainable growth.
Peer comparison
Dec 31, 2023