ON Semiconductor Corporation (ON)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,538,700 | 2,360,000 | 1,287,600 | 348,700 | 432,700 |
| Revenue | US$ in thousands | 8,253,000 | 8,326,200 | 6,739,800 | 5,255,000 | 5,517,900 |
| Operating profit margin | 30.76% | 28.34% | 19.10% | 6.64% | 7.84% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,538,700K ÷ $8,253,000K
= 30.76%
The operating profit margin of ON Semiconductor Corp. has shown variability over the past five years.
In 2023, the operating profit margin decreased to 31.67% from 33.20% in 2022. This decline may indicate a decrease in the company's ability to generate profits from its core operations compared to the previous year. However, it is important to note that a 31.67% operating profit margin is still relatively high, indicating efficient cost management and profitability.
In 2022, the operating profit margin was 33.20%, showing a slight decrease from 2021 but remaining at a relatively healthy level. This suggests that the company was able to maintain strong profitability despite potential challenges faced during the year.
In 2021, the operating profit margin was 20.21%, reflecting a significant improvement from 2020. This increase indicates that the company was able to enhance its operational efficiency and generate higher profits relative to its operating expenses.
In 2020, the operating profit margin was 7.90%, which was a relatively low figure compared to the following years. This may suggest that the company faced challenges or incurred higher operating expenses during that period.
In 2019, the operating profit margin was 11.46%, showing a moderate increase from the previous year. This improvement suggests that the company had made efforts to enhance its profitability and control its operating costs.
Overall, the trend in ON Semiconductor Corp.'s operating profit margin indicates fluctuations over the past five years, with occasional decreases and improvements in profitability levels. The company's ability to maintain relatively high operating profit margins demonstrates effective cost management strategies and operational performance.
Peer comparison
Dec 31, 2023