Qorvo Inc (QRVO)
Operating profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 91,701 | 183,168 | 1,226,070 | 906,627 | 423,216 |
| Revenue | US$ in thousands | 3,769,510 | 3,569,400 | 4,645,710 | 4,015,310 | 3,239,140 |
| Operating profit margin | 2.43% | 5.13% | 26.39% | 22.58% | 13.07% |
March 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $91,701K ÷ $3,769,510K
= 2.43%
Qorvo Inc's operating profit margin has exhibited fluctuations over the past five years. The company's operating profit margin dropped significantly from 26.39% in 2022 to 22.58% in 2021 before further decreasing to 13.07% in 2020. However, there was a slight recovery observed in 2023 with a margin of 5.13%, though still below the levels seen in 2021 and prior. The most recent data for March 31, 2024, shows a further decrease to 2.43%, indicating a significant decline in profitability compared to the previous year. This downward trend may point to challenges in managing costs and generating revenue efficiently.
Peer comparison
Mar 31, 2024