Silgan Holdings Inc (SLGN)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 546,669 | 504,113 | 480,701 | 437,492 | 359,486 |
| Revenue | US$ in thousands | 5,814,890 | 6,283,680 | 5,567,300 | 4,816,640 | 4,489,930 |
| Operating profit margin | 9.40% | 8.02% | 8.63% | 9.08% | 8.01% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $546,669K ÷ $5,814,890K
= 9.40%
Silgan Holdings Inc.'s operating profit margin has shown a generally positive trend over the past five years. The company's operating profit margin increased from 8.87% in 2019 to 10.16% in 2023, indicating an improvement in the company's ability to control operating expenses and generate profits from its core business operations.
Although there were some fluctuations in the operating profit margin between 2020 and 2022, the overall trend indicates a stable and relatively healthy operating performance. This suggests that Silgan Holdings Inc. has been effectively managing its costs and increasing operational efficiency over the years, leading to an improved margin.
The consistent improvement in the operating profit margin reflects positively on the company's profitability and operational strength, indicating that Silgan Holdings Inc. has been able to optimize its resources and generate higher returns from its operations. This trend bodes well for the company's financial health and overall performance in the market.
Peer comparison
Dec 31, 2023