Resideo Technologies Inc (REZI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 547,000 | 611,000 | 559,000 | 311,000 | 258,000 |
| Revenue | US$ in thousands | 6,177,000 | 6,308,000 | 5,786,000 | 10,080,000 | 9,917,000 |
| Operating profit margin | 8.86% | 9.69% | 9.66% | 3.09% | 2.60% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $547,000K ÷ $6,177,000K
= 8.86%
Resideo Technologies Inc's operating profit margin has shown a positive trend over the past five years. Starting at 5.17% in 2019, it has steadily increased to 9.44% in 2023. This indicates that Resideo has been able to effectively control its operating expenses relative to its revenue, resulting in improved profitability. The company's ability to maintain and enhance its operating profit margin is a positive sign of its operational efficiency and profitability in recent years.