SJW Corporation (SJW)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	149,435	130,978	111,159	117,670	57,479
Revenue	US$ in thousands	670,363	620,698	573,686	564,526	420,482
Operating profit margin		22.29%	21.10%	19.38%	20.84%	13.67%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $149,435K ÷ $670,363K
= 22.29%

The operating profit margin of SJW Group has shown a generally positive trend over the past five years. In 2023, the operating profit margin reached 22.29%, marking an increase from the previous year's 20.10%. This suggests that the company improved its operational efficiency and profitability in the most recent period.

Comparing this to previous years, the operating profit margin has been fluctuating, but it has demonstrated an overall positive trajectory since 2019 when it stood at 17.42%. The company's ability to generate profits from its core operations has strengthened over the past five years, with 2023 showing the highest margin within the period analyzed.

Overall, the upward trend in SJW Group's operating profit margin indicates an improvement in the company's ability to control costs and generate profits from its operations, which could be a positive indicator for investors and stakeholders.