Plexus Corp (PLXS)

Operating profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Operating income	US$ in thousands	195,820	178,185	176,268	153,372	142,055
Revenue	US$ in thousands	8,496,620	7,722,450	6,834,190	6,875,610	6,448,530
Operating profit margin		2.30%	2.31%	2.58%	2.23%	2.20%

September 30, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $195,820K ÷ $8,496,620K
= 2.30%

The operating profit margin of Plexus Corp. has experienced some fluctuation over the past five years. In the most recent fiscal year ending September 30, 2023, the operating profit margin stood at 5.20%, representing a slight increase from the previous year's margin of 4.73%. This improvement indicates that the company's ability to generate profit from its core operations has strengthened. However, it is important to note that the operating profit margin had been higher in fiscal year 2021 at 5.33%, before experiencing a dip in 2022. Overall, while the company has shown some variability in its operating profit margin, the recent uptick is a positive sign for its operational efficiency and profitability. Further analysis of the company's cost structure and revenue growth may provide insights into the factors driving these fluctuations in the operating profit margin.