Pool Corporation (POOL)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 746,567 | 1,025,780 | 832,784 | 464,027 | 341,246 |
| Revenue | US$ in thousands | 5,541,600 | 6,179,730 | 5,295,580 | 3,936,620 | 3,199,520 |
| Operating profit margin | 13.47% | 16.60% | 15.73% | 11.79% | 10.67% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $746,567K ÷ $5,541,600K
= 13.47%
Pool Corporation's operating profit margin has shown a fluctuating trend over the past five years. The margin experienced a significant increase from 2019 to 2020, followed by continued growth in 2021 and peaking in 2022. However, in 2023, there was a slight decline in the operating profit margin to 13.47%, indicating a decrease in profitability compared to the previous year. Overall, Pool Corporation has maintained relatively healthy operating profit margins above 10% in the period under review, indicating effective cost management and profitability in its operations. It would be important to further investigate the factors contributing to the fluctuations in the operating profit margin to assess the company's financial performance and sustainability.