Envista Holdings Corp (NVST)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 31,500 | 319,200 | 306,200 | 43,500 | 235,700 |
| Revenue | US$ in thousands | 2,566,500 | 2,569,100 | 2,508,900 | 1,929,100 | 2,284,800 |
| Operating profit margin | 1.23% | 12.42% | 12.20% | 2.25% | 10.32% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $31,500K ÷ $2,566,500K
= 1.23%
Envista Holdings Corp's operating profit margin fluctuated over the past five years, ranging from 1.46% in 2020 to a high of 12.42% in 2022. In 2023, the operating profit margin decreased slightly to 11.29%. This indicates that the company generated 11.29 cents of operating profit for every dollar of sales in 2023.
The decrease in the operating profit margin in 2023 compared to 2022 suggests that Envista Holdings Corp may have experienced challenges in managing its operating expenses relative to its sales revenue. Further analysis would be needed to determine the specific factors influencing this change and whether it is a temporary fluctuation or part of a broader trend. It is essential for the company to closely monitor and manage its expenses to maintain and improve its operating profit margin over time.
Peer comparison
Dec 31, 2023