Sitime Corporation (SITM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -107,200 | 16,142 | 32,843 | -8,613 | -4,873 |
| Revenue | US$ in thousands | 143,993 | 283,605 | 218,808 | 116,156 | 84,074 |
| Operating profit margin | -74.45% | 5.69% | 15.01% | -7.42% | -5.80% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-107,200K ÷ $143,993K
= -74.45%
SiTime Corp's operating profit margin has fluctuated significantly over the past five years. In 2023, the company reported a negative operating profit margin of -69.08%, indicating that the company's operating expenses exceeded its operating income by a substantial margin. This poor performance contrasts sharply with the positive operating profit margins achieved in the two preceding years, 2022 and 2021, which were 5.69% and 15.01%, respectively.
The negative operating profit margins in 2020 and 2019, at -7.42% and -5.80% respectively, suggest that SiTime Corp has faced challenges in generating profits from its core operations consistently over the years. The significant fluctuations in operating profit margins may indicate volatility or challenges in managing costs and revenues effectively.
It is essential for the company to closely monitor and analyze the factors contributing to these fluctuations to improve its operational efficiency and profitability in the future.
Peer comparison
Dec 31, 2023