Insulet Corporation (PODD)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	220,000	37,600	126,000	51,500	50,000
Revenue	US$ in thousands	1,697,100	1,305,300	1,098,800	904,400	695,500
Operating profit margin		12.96%	2.88%	11.47%	5.69%	7.19%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $220,000K ÷ $1,697,100K
= 12.96%

Insulet Corporation's operating profit margin has seen fluctuations over the past five years. In 2023, the operating profit margin significantly improved to 12.96%, a substantial increase from the previous year's margin of 2.88%. This improvement suggests that Insulet Corporation managed its operating expenses more efficiently in generating profits from its core operations in 2023.

Comparing to 2021 and 2020, Insulet Corporation's operating profit margin had also shown positive growth in 2023, indicating a strengthening financial performance. However, it is important to note that the 2023 margin, although improved, remains below the operating profit margin achieved in 2021 (11.47%). This indicates that there may still be scope for further enhancement in operational efficiency to reach previous levels of profitability.

In summary, the increase in Insulet Corporation's operating profit margin in 2023 reflects improved operational efficiency and profitability, although it still lags behind the margin achieved in 2021. Continual monitoring of the company's operating expenses and revenue generation will be crucial to sustaining and building upon this positive trend.