Olympic Steel Inc (ZEUS)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 77,671 | 133,747 | 172,466 | 573 | 16,610 |
| Revenue | US$ in thousands | 2,158,010 | 2,562,110 | 2,318,270 | 1,232,060 | 1,579,250 |
| Operating profit margin | 3.60% | 5.22% | 7.44% | 0.05% | 1.05% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $77,671K ÷ $2,158,010K
= 3.60%
The operating profit margin of Olympic Steel Inc. has fluctuated over the past five years. Starting with a low of 0.05% in December 2020, the margin saw a significant improvement to 7.46% in December 2021. However, there was a decline in the operating profit margin to 5.22% in December 2022 and further to 3.60% in December 2023. These fluctuations suggest varying levels of efficiency in generating profits from operations over the period under review. It may be beneficial for Olympic Steel Inc. to closely monitor and analyze the factors influencing these fluctuations to sustain or improve its operating profit margin in the future.
Peer comparison
Dec 31, 2023