TE Connectivity Ltd (TEL)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 2,304,000 | 2,756,000 | 2,434,000 | 537,000 | 1,978,000 |
| Revenue | US$ in thousands | 15,954,000 | 16,215,000 | 14,867,000 | 12,124,000 | 13,380,000 |
| Operating profit margin | 14.44% | 17.00% | 16.37% | 4.43% | 14.78% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $2,304,000K ÷ $15,954,000K
= 14.44%
TE Connectivity Ltd's operating profit margin has exhibited fluctuations over the past five years. In the most recent financial year ending on September 30, 2023, the operating profit margin stood at 14.44%, showing a decrease from the previous year's margin of 17.00%. This decline reversed the positive trend seen in the margins from 2020 to 2022. Notably, the company experienced a significant increase in operating profit margin from 4.43% in 2020 to 16.37% in 2021, indicating a robust improvement in profitability. However, the margin in 2023 fell below the levels seen in 2021 and 2022.
Overall, TE Connectivity Ltd's operating profit margin displays variability, suggesting potential fluctuations in operational efficiency and profitability over the years. Further analysis and scrutiny of the company's financial performance and cost management strategies may be warranted to understand the underlying reasons for these fluctuations.
Peer comparison
Sep 30, 2023