Advanced Energy Industries Inc (AEIS)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 128,284 | 199,660 | 134,736 | 134,675 | 64,941 |
| Revenue | US$ in thousands | 1,638,800 | 1,842,780 | 1,450,490 | 1,409,450 | 801,389 |
| Net profit margin | 7.83% | 10.83% | 9.29% | 9.56% | 8.10% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $128,284K ÷ $1,638,800K
= 7.83%
The net profit margin of Advanced Energy Industries Inc. has shown some fluctuations over the past five years. In 2023, the net profit margin decreased to 7.75% from 10.82% in 2022. This indicates that the company's bottom line profitability decreased in 2023 compared to the previous year. Despite the decrease, the net profit margin in 2023 is still above the levels recorded in 2021 (9.25%), 2020 (9.51%), and 2019 (8.23%). This suggests that in 2023, Advanced Energy Industries Inc. was able to generate a profit of 7.75 cents for every dollar of revenue, which was slightly lower than in the previous year. The downward trend in net profit margin from 2022 to 2023 should be further analyzed to identify the factors contributing to this decrease and to assess the company's overall profitability and efficiency.
Peer comparison
Dec 31, 2023