Westlake Chemical Corporation (WLK)

Operating profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Operating income	US$ in thousands	729,000	3,050,000	2,800,000	429,000	656,000
Revenue	US$ in thousands	12,548,000	15,794,000	11,778,000	7,504,000	8,118,000
Operating profit margin		5.81%	19.31%	23.77%	5.72%	8.08%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $729,000K ÷ $12,548,000K
= 5.81%

Westlake Corporation's operating profit margin has fluctuated over the past five years, ranging from a low of 6.20% in 2020 to a high of 23.95% in 2021. In 2023, the operating profit margin stands at 9.82%. This decrease from the previous year's margin of 19.52% suggests a decline in the company's profitability in terms of operating income generated for each dollar of revenue. It is important for Westlake Corporation to monitor and analyze the factors contributing to this decrease in operating profit margin to make informed decisions and improve financial performance in the future.