Titan International Inc (TWI)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	148,727	205,802	85,175	-35,351	-28,432
Revenue	US$ in thousands	1,780,190	2,134,020	1,762,710	1,231,990	1,420,630
Operating profit margin		8.35%	9.64%	4.83%	-2.87%	-2.00%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $148,727K ÷ $1,780,190K
= 8.35%

The operating profit margin of Titan International, Inc. has displayed fluctuations over the past five years. In 2023, the operating profit margin stood at 8.16%, showing a decline from the previous year's 9.49%. This decrease in profitability may suggest potential challenges in managing operating costs or generating revenues effectively.

Comparing the current operating profit margin to the figures from 2021, it is evident that there has been an improvement since the margin increased from 4.78% to 8.16%. This positive trend indicates enhanced operational efficiency or better cost control measures implemented by the company during the year.

In 2020 and 2019, Titan International, Inc. experienced negative operating profit margins of -1.63% and -1.96%, respectively. This indicates that the company faced challenges in generating profits from its core operations during those years. However, the subsequent improvement in the operating profit margin in recent years shows potential progress in the company's profitability efforts.

Overall, the analysis of Titan International, Inc.'s operating profit margin highlights the variability in the company's operational performance over the past five years, indicating both strengths and challenges in managing and optimizing its operating profitability.