Sanmina Corporation (SANM)
Operating profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 335,494 | 455,658 | 349,479 | 255,936 | 219,144 |
| Revenue | US$ in thousands | 7,568,330 | 8,898,760 | 7,890,480 | 6,756,640 | 6,960,370 |
| Operating profit margin | 4.43% | 5.12% | 4.43% | 3.79% | 3.15% |
September 30, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $335,494K ÷ $7,568,330K
= 4.43%
The operating profit margin of Sanmina Corporation has shown a fluctuating trend over the past five years. In fiscal year 2024, the operating profit margin decreased to 4.43% from 5.12% in 2023. This decline suggests that Sanmina's ability to generate profits from its core operations weakened slightly compared to the previous year.
Despite the decrease in 2024, the operating profit margin in both years exceeded the margins reported in 2021 and 2020, indicating an overall positive trend in profitability over this period. The highest operating profit margin was achieved in 2023 at 5.12%, reflecting a strong performance in that particular year.
It is important for Sanmina Corporation to monitor and manage its operating expenses effectively in order to improve or at least maintain its operating profit margins in the future. Additionally, the company should focus on implementing strategies to enhance revenue generation and operational efficiency to sustain profitability levels over the long term.
Peer comparison
Sep 30, 2024