Applied Industrial Technologies (AIT)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 385,762 | 346,739 | 257,414 | 144,757 | 24,042 |
| Revenue | US$ in thousands | 4,477,670 | 4,387,870 | 3,784,480 | 3,203,600 | 3,212,740 |
| Net profit margin | 8.62% | 7.90% | 6.80% | 4.52% | 0.75% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $385,762K ÷ $4,477,670K
= 8.62%
The net profit margin of Applied Industrial Technologies has shown a consistent upward trend over the past five years, reflecting the company's improving ability to generate profits relative to its revenue. The net profit margin increased from 0.75% in Jun 30, 2020, to 8.62% in Jun 30, 2024, indicating a substantial improvement in profitability. This positive trend suggests that the company has been effectively controlling its expenses and operating more efficiently, leading to higher profitability. Applied Industrial Technologies' ability to maintain and increase its net profit margin over this period is a positive indicator of its financial performance and management effectiveness.