Perficient Inc (PRFT)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	137,520	144,275	105,932	55,254	55,332
Revenue	US$ in thousands	906,541	905,062	732,031	607,596	565,527
Operating profit margin		15.17%	15.94%	14.47%	9.09%	9.78%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $137,520K ÷ $906,541K
= 15.17%

Perficient Inc.'s operating profit margin has shown a generally increasing trend over the past five years, starting at 10.00% in 2019 and reaching 14.55% in 2023. This indicates that the company has been able to improve its operational efficiency and increase its profitability relative to revenue.

The increase in operating profit margin from 2022 to 2023 is a positive sign, suggesting that Perficient Inc. was able to control its operating expenses more effectively or generate higher revenues without proportional increases in costs. However, it is worth noting that there was a slight dip in the operating profit margin in 2022 compared to 2021.

Overall, the trend in Perficient Inc.'s operating profit margin indicates that the company has been managing its operations efficiently and effectively over the years, translating more of its revenue into operating profit. This trend is generally favorable and bodes well for the company's financial health and performance.