Sturm Ruger & Company Inc (RGR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 52,084 | 103,456 | 203,136 | 119,148 | 39,375 |
| Revenue | US$ in thousands | 543,767 | 595,842 | 730,736 | 568,868 | 410,506 |
| Operating profit margin | 9.58% | 17.36% | 27.80% | 20.94% | 9.59% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $52,084K ÷ $543,767K
= 9.58%
The operating profit margin of Sturm, Ruger & Co., Inc. has exhibited fluctuations over the past five years. In 2023, the operating profit margin decreased to 9.58%, a significant drop from 2022 when it stood at 17.36%. This decline indicates a decrease in the company's ability to generate profits from its core operations relative to its revenue.
Looking further back, the operating profit margin was notably higher in 2021 at 27.78% and in 2020 at 20.94%. These were strong performances, showcasing the company's efficient cost management and strong revenue generation abilities during those years.
In contrast, the operating profit margin in 2019 was 9.60%, relatively close to the 2023 figure. This suggests that Sturm, Ruger & Co., Inc. has experienced fluctuations in profitability over the past five years, with both high and low points.
Overall, the trend in the operating profit margin indicates variability in the company's operational efficiency and profitability, highlighting the importance of closely monitoring and managing core business expenses and revenue streams to maintain and improve financial performance.
Peer comparison
Dec 31, 2023