Vicor Corporation (VICR)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 51,358 | 27,201 | 55,602 | 17,368 | 13,821 |
| Revenue | US$ in thousands | 413,907 | 400,531 | 719,112 | 594,138 | 526,740 |
| Operating profit margin | 12.41% | 6.79% | 7.73% | 2.92% | 2.62% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $51,358K ÷ $413,907K
= 12.41%
The operating profit margin of Vicor Corp. has exhibited fluctuations over the past five years. In 2023, the operating profit margin improved to 12.68%, showing a positive trend compared to the previous year. This increase indicates that the company was able to generate a higher proportion of operating income relative to its revenue in 2023.
In 2022, there was a slight decrease in the operating profit margin to 8.44% from 15.47% in 2021. This decline suggests that the company may have faced challenges in controlling its operating expenses or experienced a decrease in sales revenue.
The highest operating profit margin was observed in 2021 at 15.47%, indicating that Vicor Corp. was able to effectively manage its costs and generate healthy profits relative to its revenue that year.
In contrast, the operating profit margins in 2020 and 2019 were lower at 5.86% and 5.26% respectively. These lower margins suggest that the company may have had difficulties in maintaining profitability during those years.
Overall, the trend in Vicor Corp.'s operating profit margin indicates variability in the company's ability to generate profits from its core operations. It is important for the company to focus on cost management and revenue growth strategies to sustain and improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023