Universal Display (OLED)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 217,189 | 267,110 | 227,644 | 157,526 | 158,343 |
| Revenue | US$ in thousands | 576,429 | 616,619 | 553,525 | 428,867 | 405,177 |
| Operating profit margin | 37.68% | 43.32% | 41.13% | 36.73% | 39.08% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $217,189K ÷ $576,429K
= 37.68%
Universal Display Corp.'s operating profit margin has exhibited some fluctuations over the past five years. The company's operating profit margin decreased from 43.32% in 2022 to 37.68% in 2023, reflecting a decline in the profitability of its core operations. However, it is important to note that despite this decrease, the operating profit margin remains relatively high, indicating strong operational efficiency.
Comparing the 2023 operating profit margin to those of the preceding years, it is evident that the company's performance in 2023 was slightly lower than the 2021 and 2019 levels but higher than in 2020. This suggests some variability in the company's operational efficiency over the years, possibly influenced by market dynamics, cost structures, or strategic decisions.
Overall, Universal Display Corp.'s operating profit margin demonstrates a generally healthy level of profitability, with some year-on-year fluctuations. Management may need to closely monitor cost management strategies and revenue generation efforts to sustain and potentially improve the company's operational performance in the future.
Peer comparison
Dec 31, 2023