Gentherm Inc (THRM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 77,439 | 48,307 | 115,006 | 89,217 | 84,260 |
| Revenue | US$ in thousands | 1,447,650 | 1,192,770 | 1,044,070 | 902,575 | 968,913 |
| Operating profit margin | 5.35% | 4.05% | 11.02% | 9.88% | 8.70% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $77,439K ÷ $1,447,650K
= 5.35%
The operating profit margin of Gentherm Inc has experienced fluctuations over the past five years. In 2023, the operating profit margin stood at 6.92%, showing an improvement from the previous year's figure of 4.59%. However, it was notably lower than the relatively higher margins recorded in 2021 (11.36%), 2020 (10.41%), and 2019 (10.00%).
The downward trend observed in 2022 followed by a recovery in 2023 suggests some volatility in the company's operating profitability. Despite the recent improvement, the operating profit margin in 2023 remains below the levels seen in 2020 and 2021. This indicates potential challenges or changes in the company's cost structure, revenue generation, or efficiency in managing operating expenses.
Further analysis and comparison with industry benchmarks or historical trends could provide additional insights into the factors influencing Gentherm Inc's operating profit margin dynamics.
Peer comparison
Dec 31, 2023