Silicon Laboratories Inc (SLAB)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -24,154 | 119,260 | -32,838 | -107,088 | -88,643 |
| Revenue | US$ in thousands | 782,258 | 1,024,110 | 720,860 | 510,928 | 473,785 |
| Operating profit margin | -3.09% | 11.65% | -4.56% | -20.96% | -18.71% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-24,154K ÷ $782,258K
= -3.09%
Silicon Laboratories Inc's operating profit margin has exhibited significant fluctuation over the past five years. In 2023, the company reported a negative operating profit margin of -3.09%, marking a decline from the previous year's positive margin of 11.65%. The negative margin in 2023 suggests that the company's operating expenses outweighed its operating income.
Looking back at 2022, the company achieved a healthy operating profit margin of 11.65%, a substantial improvement from the negative margins reported in both 2021 and 2020. The positive margin in 2022 indicates that the company was able to efficiently control its operating expenses and generate significant operating income.
In contrast, Silicon Laboratories Inc faced challenges in 2021 and 2020, with operating profit margins of -4.56% and -20.96% respectively. These negative margins reflect the company's struggle to generate sufficient operating income to cover its operating expenses during those years.
Overall, Silicon Laboratories Inc's operating profit margin has displayed volatility in recent years, with both positive and negative trends. It is important for the company to focus on efficiently managing its expenses and optimizing its revenue streams to improve its operating profit margin and enhance its overall financial performance.
Peer comparison
Dec 31, 2023