Calculation
| Operating profit margin | = | 100 | × | Operating income (loss)1 | ÷ | Sales revenues1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2016 | -30.77% | = | 100 | × | (2,599) | ÷ | 8,447) |
| Dec 31, 2015 | -92.86% | = | 100 | × | (8,809) | ÷ | 9,486) |
| Dec 31, 2014 | 33.00% | = | 100 | × | 5,403) | ÷ | 16,375) |
| Dec 31, 2013 | 22.42% | = | 100 | × | 3,333) | ÷ | 14,867) |
| Dec 31, 2012 | 28.01% | = | 100 | × | 3,727) | ÷ | 13,307) |
| Dec 31, 2011 | -13.47% | = | 100 | × | (1,870) | ÷ | 13,882) |
| Dec 31, 2010 | 16.32% | = | 100 | × | 1,769) | ÷ | 10,842) |
| Dec 31, 2009 | 4.59% | = | 100 | × | 377) | ÷ | 8,210) |
| Dec 31, 2008 | 42.09% | = | 100 | × | 6,162) | ÷ | 14,640) |
| Dec 31, 2007 | 66.00% | = | 100 | × | 7,347) | ÷ | 11,132) |
| Dec 31, 2006 | 48.39% | = | 100 | × | 4,887) | ÷ | 10,099) |
| Dec 31, 2005 | 56.55% | = | 100 | × | 4,015) | ÷ | 7,100) |
Based on: 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The operating profit margin exhibits extreme volatility between 2005 and 2016, characterized by cyclical swings between high profitability and severe operational losses. This instability is reflected in the fluctuating relationship between sales revenues and operating income, indicating a high degree of sensitivity to external economic pressures.
- Initial Growth and First Contraction (2005–2011)
- High operational efficiency was observed from 2005 to 2007, with the operating profit margin peaking at 66.00%. This was followed by a sharp decline, reaching a low of 4.59% in 2009. The period ended with a transition into negative territory in 2011, where the margin fell to -13.47%, coinciding with an operating loss of 1,870 million US dollars.
- Recovery and Stabilization (2012–2014)
- A significant rebound occurred between 2012 and 2014. The operating profit margin returned to positive levels, fluctuating between 22.42% and 33.00%. During this window, sales revenues grew steadily, reaching a peak of 16,375 million US dollars in 2014, which supported an operating income of 5,403 million US dollars.
- Severe Operational Decline (2015–2016)
- A catastrophic collapse in profitability is evident in 2015, as the operating profit margin plummeted to -92.86%. This decline was driven by a substantial operating loss of 8,809 million US dollars despite sales revenues of 9,486 million US dollars. Although the margin improved to -30.77% by 2016, the operating income remained negative at -2,599 million US dollars, signaling a sustained period of operational distress.
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