Applied Industrial Technologies (AIT)
Net profit margin
| Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 385,762 | 374,486 | 374,456 | 363,685 | 346,739 | 333,637 | 304,756 | 281,325 | 257,414 | 237,545 | 225,302 | 162,942 | 144,757 | 115,502 | -23,338 | 20,027 | 24,042 | 33,856 | 133,168 | 133,854 |
| Revenue (ttm) | US$ in thousands | 4,477,680 | 4,468,470 | 4,448,790 | 4,426,120 | 4,387,880 | 4,290,680 | 4,139,067 | 3,955,317 | 3,784,475 | 3,617,133 | 3,476,550 | 3,348,724 | 3,203,604 | 3,031,543 | 3,023,222 | 3,104,634 | 3,211,463 | 3,367,816 | 3,417,756 | 3,424,973 |
| Net profit margin | 8.62% | 8.38% | 8.42% | 8.22% | 7.90% | 7.78% | 7.36% | 7.11% | 6.80% | 6.57% | 6.48% | 4.87% | 4.52% | 3.81% | -0.77% | 0.65% | 0.75% | 1.01% | 3.90% | 3.91% |
June 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $385,762K ÷ $4,477,680K
= 8.62%
The net profit margin of Applied Industrial Technologies has shown a positive trend over the periods under consideration. The company's net profit margin has been gradually increasing over the past few quarters, with the most recent net profit margin reported at 8.62%. This indicates that for every dollar of sales, Applied Industrial Technologies is generating a net profit of 8.62 cents.
The consistent improvement in the net profit margin demonstrates the company's ability to effectively control costs and generate higher profits from its operations. This positive trend is a good indicator of the company's financial health and operational efficiency.
It is important to note that there was a significant improvement in the net profit margin from negative figures in the past to positive figures currently. This reflects potentially successful cost-cutting measures or operational improvements implemented by Applied Industrial Technologies in recent quarters.
Overall, the increasing trend in the net profit margin suggests that Applied Industrial Technologies is becoming more profitable and efficient in managing its financial resources.