Ufp Industries Inc (UFPI)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 646,534 | 950,184 | 737,554 | 345,826 | 244,906 |
| Revenue | US$ in thousands | 7,218,380 | 9,626,740 | 8,636,130 | 5,154,000 | 4,416,010 |
| Operating profit margin | 8.96% | 9.87% | 8.54% | 6.71% | 5.55% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $646,534K ÷ $7,218,380K
= 8.96%
Ufp Industries Inc's operating profit margin has shown a positive trend over the past five years, with consecutive increases from 5.55% in 2019 to 8.96% in 2023. This indicates that the company has been able to effectively manage its operating expenses relative to its revenue generation. The steady improvement in operating profit margin suggests a better operational efficiency and cost control measures implemented by the company. This positive trend demonstrates the company's ability to generate more profit from each dollar of sales, which could indicate improving financial health and potential for future growth. Overall, Ufp Industries Inc's increasing operating profit margin signifies improving profitability and operational effectiveness over the years.