Varex Imaging Corp (VREX)
Operating profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 77,100 | 88,200 | 74,100 | -33,700 | 45,700 |
| Revenue | US$ in thousands | 893,400 | 859,400 | 818,100 | 738,300 | 780,600 |
| Operating profit margin | 8.63% | 10.26% | 9.06% | -4.56% | 5.85% |
September 30, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $77,100K ÷ $893,400K
= 8.63%
The operating profit margin of Varex Imaging Corp has shown some fluctuations over the past five years. In 2023, the operating profit margin decreased to 8.63% from 10.26% in 2022, indicating a decline in the company's ability to generate profits from its core business operations. Compared to the negative margin of -4.56% in 2020, the company has shown improvement in profitability. While the margin was higher at 9.06% in 2021, the current margin remains below the 2021 level.
Overall, Varex Imaging Corp's operating profit margin has been volatile, with both positive and negative trends in recent years. It is essential for the company to focus on enhancing operational efficiency and cost management to improve its profitability in the future.
Peer comparison
Sep 30, 2023