Patrick Industries Inc (PATK)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 260,200 | 496,170 | 351,712 | 173,373 | 154,442 |
| Revenue | US$ in thousands | 3,466,390 | 4,885,580 | 4,070,100 | 2,470,640 | 2,330,060 |
| Operating profit margin | 7.51% | 10.16% | 8.64% | 7.02% | 6.63% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $260,200K ÷ $3,466,390K
= 7.51%
Patrick Industries, Inc.'s operating profit margin has shown fluctuations over the past five years. In 2023, the operating profit margin decreased to 7.50% from 10.16% in 2022, indicating a decline in profitability. However, compared to 2021 and prior years, the 2023 operating profit margin is still higher, suggesting some level of improvement. Overall, the company's operating profit margin has been relatively stable, with fluctuations occurring within a moderate range. Further analysis of the company's operating expenses and revenue generation may be required to understand the underlying factors influencing these fluctuations.
Peer comparison
Dec 31, 2023