Par Pacific Holdings Inc (PARR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 680,006 | 437,903 | -7,619 | -317,998 | 147,980 |
| Revenue | US$ in thousands | 8,174,410 | 7,264,530 | 4,643,600 | 3,054,650 | 5,326,680 |
| Operating profit margin | 8.32% | 6.03% | -0.16% | -10.41% | 2.78% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $680,006K ÷ $8,174,410K
= 8.32%
The operating profit margin of Par Pacific Holdings Inc has shown a positive trend over the past five years. Starting from a low of -8.91% in 2020, the company managed to improve its operating profit margin to -1.49% in 2021. Subsequently, significant progress was made as the margin turned positive, reaching 6.03% in 2022 and further improved to 8.77% in 2023. This demonstrates a consistent effort by the company to enhance operational efficiency and profitability. A sustained improvement in operating profit margin reflects positively on the company's ability to generate profits from its core business activities.
Peer comparison
Dec 31, 2023