Enviri Corporation (NVRI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 111,014 | -57,343 | 88,376 | -3,306 | 76,403 |
| Revenue | US$ in thousands | 2,069,220 | 1,889,060 | 1,848,400 | 1,534,030 | 1,204,370 |
| Operating profit margin | 5.37% | -3.04% | 4.78% | -0.22% | 6.34% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $111,014K ÷ $2,069,220K
= 5.37%
Enviri Corp's operating profit margin has varied over the past five years, with a low of 1.71% in 2020 and a high of 6.76% in 2019. The operating profit margin measures the company's efficiency in generating profits from its core operations, with a higher margin indicating better financial performance.
In 2023, the operating profit margin improved to 5.89%, showing a positive trend compared to the previous year. This increase could be attributed to various factors such as cost control measures, increased revenue, or improved operational efficiency.
Although the operating profit margin in 2023 is higher than in 2022 and 2021, it is still below the peak level seen in 2019. This suggests that there may still be room for improvement in maximizing profitability from operations.
Overall, Enviri Corp's operating profit margin in 2023 shows signs of improvement, indicating a positive trajectory in the company's ability to generate profits from its core business activities.