Somnigroup International Inc. (SGI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 607,200 | 680,600 | 912,300 | 532,100 | 346,700 |
| Revenue | US$ in thousands | 4,925,400 | 4,921,200 | 4,930,800 | 3,676,900 | 3,106,000 |
| Operating profit margin | 12.33% | 13.83% | 18.50% | 14.47% | 11.16% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $607,200K ÷ $4,925,400K
= 12.33%
The operating profit margin of Somnigroup International Inc. has shown a positive trend over the past five years. Starting at 11.16% in December 2019, the margin increased to 14.47% in December 2020 and further to 18.50% in December 2021, indicating improved operational efficiency and profitability. However, there was a slight decline in the operating profit margin to 13.83% in December 2022, followed by a further decrease to 12.33% by December 2023.
Overall, while the company experienced significant growth in its operating profit margin from 2019 to 2021, the subsequent decrease in 2022 and 2023 suggests potential challenges in maintaining the high profitability levels achieved in the earlier years. It would be advisable for Somnigroup International Inc. to closely monitor its operating expenses and revenue generation strategies to sustain and improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023