Trimble Inc (TRMB)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 448,800 | 510,900 | 561,000 | 419,800 | 375,900 |
| Revenue | US$ in thousands | 3,798,700 | 3,676,300 | 3,659,400 | 3,152,000 | 3,271,300 |
| Operating profit margin | 11.81% | 13.90% | 15.33% | 13.32% | 11.49% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $448,800K ÷ $3,798,700K
= 11.81%
Trimble Inc's operating profit margin has displayed fluctuating trends over the past five years. The margin decreased from 15.33% in 2021 to 13.32% in 2020 before increasing to 13.90% in 2022. However, in 2023, the operating profit margin dropped further to 11.81%. This indicates a decline in the company's ability to generate profits from its core operations in the most recent year, potentially due to various factors such as changes in expenses or revenues. Further analysis of the company's cost structure and revenue streams may be necessary to understand the underlying reasons for this fluctuation and to assess the overall financial performance of Trimble Inc.
Peer comparison
Dec 31, 2023