OGE Energy Corporation (OGE)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	650,200	649,500	544,200	522,200	504,300
Revenue	US$ in thousands	2,674,300	3,375,700	3,653,700	2,122,300	2,231,600
Operating profit margin		24.31%	19.24%	14.89%	24.61%	22.60%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $650,200K ÷ $2,674,300K
= 24.31%

The operating profit margin of Oge Energy Corp. has exhibited fluctuations over the past five years. In 2023, the operating profit margin improved to 24.31%, a significant increase compared to the previous year's margin of 19.24% in 2022. The company's performance in 2023 indicates that it was able to generate more operating profit per dollar of revenue.

This improvement marks a positive trend for Oge Energy Corp., especially when compared to the challenging year in 2020 when the operating profit margin was negative at -6.87%. The company managed to bounce back strongly from this negative margin, showcasing its ability to adapt and recover.

Looking back to 2019, where the operating profit margin was 22.60%, the recent increase in 2023 suggests that Oge Energy Corp. has surpassed its performance from four years ago. This positive trend may indicate improved efficiency, cost management, or revenue growth strategies implemented by the company.

Overall, the fluctuating operating profit margin of Oge Energy Corp. reflects the company's ability to navigate different economic conditions and adapt its operations to remain profitable. The significant increase in 2023 is a promising development that could indicate a stronger financial performance for the company in the future.