Onto Innovation Inc (ONTO)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 116,078 | 236,714 | 156,407 | -26,677 | -5,043 |
| Revenue | US$ in thousands | 815,868 | 1,005,180 | 788,899 | 556,496 | 305,896 |
| Operating profit margin | 14.23% | 23.55% | 19.83% | -4.79% | -1.65% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $116,078K ÷ $815,868K
= 14.23%
Onto Innovation Inc's operating profit margin has fluctuated over the past five years. In 2023, the operating profit margin decreased to 14.23% from 23.55% in 2022, indicating a decline in profitability. However, compared to the negative operating profit margins in 2020 and 2019 (-4.79% and -1.65% respectively), the company has shown improvement in recent years.
It is essential to further investigate the reasons behind the fluctuation in operating profit margins to understand the company's operational efficiency and profitability performance in each respective year. Additionally, monitoring this ratio over time can help identify trends and potential areas for improvement within Onto Innovation Inc's business operations.
Peer comparison
Dec 31, 2023