Standard Motor Products Inc (SMP)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	92,677	104,135	128,999	108,895	94,495
Revenue	US$ in thousands	2,674,000	2,675,860	2,595,400	2,254,610	2,270,140
Operating profit margin		3.47%	3.89%	4.97%	4.83%	4.16%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $92,677K ÷ $2,674,000K
= 3.47%

Standard Motor Products, Inc.'s operating profit margin has shown some variability in recent years. The trend indicates a slight decline from 2019 to 2020, followed by a decrease in 2021, a slight uptick in 2022, and then another decrease in 2023. The company's operating profit margin was at its highest in 2021 at 9.96% and lowest in 2023 at 7.01%. Overall, the operating profit margin ranged from 7.01% to 9.96% over the past five years, demonstrating some fluctuations in the company's ability to generate profits from its core operations.