Sanmina Corporation (SANM)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 455,658 | 349,479 | 255,936 | 219,144 | 286,117 |
| Revenue | US$ in thousands | 8,898,760 | 7,890,480 | 6,756,640 | 6,960,370 | 8,233,860 |
| Operating profit margin | 5.12% | 4.43% | 3.79% | 3.15% | 3.47% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $455,658K ÷ $8,898,760K
= 5.12%
The operating profit margin of Sanmina Corp has shown a positive trend over the past five years, increasing from 3.64% in September 2019 to 5.17% in September 2023. This indicates that the company has been able to improve its efficiency in generating profits from its core operations over the years. It is important to note that the operating profit margin measures the percentage of revenue that translates into operating income, and the upward trend suggests that the company has been effectively managing its operating expenses and boosting its profitability. This improvement may reflect enhanced cost control, pricing strategies, or operational efficiencies. Overall, the increasing trend in operating profit margin is a positive indicator of Sanmina Corp's financial performance.
Peer comparison
Sep 30, 2023