Papa John's International Inc (PZZA)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	147,142	109,030	168,241	90,253	24,535
Revenue	US$ in thousands	2,145,070	2,088,400	2,068,420	1,813,230	1,619,250
Operating profit margin		6.86%	5.22%	8.13%	4.98%	1.52%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $147,142K ÷ $2,145,070K
= 6.86%

The operating profit margin of Papa John's International, Inc. has shown fluctuations over the past five years. The company's operating profit margin was 6.89% at the end of 2023, which represents an increase compared to the previous year's margin of 5.76% in 2022. This improvement indicates an enhanced ability to generate profits from its core operations.

Looking further back, in 2021 the operating profit margin was higher at 8.13%, displaying a decline from that period to 2022. The margin in 2020 was 4.98%, lower than both 2021 and 2023, but higher than the margin in 2019, which was notably lower at 1.22%.

Overall, the trend in operating profit margin for Papa John's International, Inc. has been somewhat volatile, with fluctuations observed year over year. Despite the variability, the company has managed to increase its operating profit margin in 2023, indicating a potential improvement in operational efficiency and profitability during that period.