Tandem Diabetes Care Inc (TNDM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -233,230 | -92,848 | 22,653 | -7,957 | -16,722 |
| Revenue | US$ in thousands | 735,632 | 795,009 | 696,759 | 486,025 | 362,227 |
| Operating profit margin | -31.70% | -11.68% | 3.25% | -1.64% | -4.62% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-233,230K ÷ $735,632K
= -31.70%
The operating profit margin of Tandem Diabetes Care Inc has been fluctuating over the past five years. In 2023, the company reported a negative operating profit margin of -20.66%, indicating that its operating expenses exceeded its gross profit, resulting in a loss. This represents a significant decline compared to the previous year when the operating profit margin was -7.71%.
In 2021, Tandem Diabetes Care Inc showed improvement with an operating profit margin of 3.22%, signaling that the company was able to generate a profit from its core operations. However, this positive trend reversed in 2020 when the operating profit margin fell back into the negative territory at -1.60%.
Looking further back, in 2019, the company also reported a negative operating profit margin of -4.62%, indicating operational inefficiencies or challenges during that period.
Overall, the fluctuating operating profit margins of Tandem Diabetes Care Inc suggest varying levels of operational performance and efficiency over the past five years, highlighting the importance of monitoring and managing operating expenses to ensure sustainable profitability.
Peer comparison
Dec 31, 2023