STAAR Surgical Company (STAA)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 28,097 | 43,802 | 33,339 | 6,769 | 11,852 |
| Revenue | US$ in thousands | 322,415 | 284,391 | 230,472 | 163,460 | 150,185 |
| Operating profit margin | 8.71% | 15.40% | 14.47% | 4.14% | 7.89% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $28,097K ÷ $322,415K
= 8.71%
STAAR Surgical Company's operating profit margin has shown fluctuations over the past five years. The operating profit margin was highest in 2022 at 15.40% and lowest in 2020 at 4.14%. In 2023, the operating profit margin decreased to 8.71% from the peak in 2022. This decline suggests that the company's ability to generate profits from its core operations weakened compared to the previous year. It is important for the company to monitor and improve its operational efficiencies in order to maintain or enhance its profitability in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Operating profit margin
STAAR Surgical Company
STAA
8.71%
National Vision Holdings Inc
EYE
-2.20%
The Cooper Companies Inc.
COO
15.28%