Taylor Morn Home (TMHC)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,084,370 | 1,392,410 | 859,099 | 467,497 | 312,680 |
| Revenue | US$ in thousands | 7,417,830 | 8,224,920 | 7,501,260 | 6,129,320 | 4,762,060 |
| Operating profit margin | 14.62% | 16.93% | 11.45% | 7.63% | 6.57% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,084,370K ÷ $7,417,830K
= 14.62%
The operating profit margin of Taylor Morrison Home Corp. has shown varying trends over the past five years. In 2019 and 2020, the company's operating profit margin was relatively low at 7.01% and 7.70%, respectively. However, there has been a positive trend in recent years, with the operating profit margin increasing to 11.73% in 2021, 17.45% in 2022, and 14.62% in 2023.
This improvement in operating profit margin indicates that Taylor Morrison Home Corp. has been effectively managing its operating expenses and generating more profits from its core business activities. A higher operating profit margin signifies that the company is more efficient in generating profits from its operations.
Overall, the increasing trend in Taylor Morrison Home Corp.'s operating profit margin reflects positively on the company's operational efficiency and financial performance in recent years.
Peer comparison
Dec 31, 2023