Albemarle Corp (ALB)

Net profit margin

		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	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	1,573,476	3,323,596	3,918,278	3,675,008	2,689,811	1,553,547	263,551	281,378	123,672	212,131	703,213	364,237	375,764	381,520	438,289	506,863	533,228	572,433	547,108	695,371
Revenue (ttm)	US$ in thousands	9,617,200	9,882,020	9,663,220	8,772,620	7,320,100	5,593,324	4,332,090	3,626,396	3,327,957	3,312,900	3,229,202	3,219,355	3,128,909	3,242,326	3,375,205	3,496,208	3,589,427	3,518,562	3,416,563	3,385,385
Net profit margin		16.36%	33.63%	40.55%	41.89%	36.75%	27.78%	6.08%	7.76%	3.72%	6.40%	21.78%	11.31%	12.01%	11.77%	12.99%	14.50%	14.86%	16.27%	16.01%	20.54%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,573,476K ÷ $9,617,200K
= 16.36%

The net profit margin of Albemarle Corp. has shown some fluctuation over the past eight quarters. In Q1 2022 and Q2 2022, the net profit margin was relatively low at 7.76% and 6.08% respectively, indicating that the company's profitability was impacted during this period.

However, starting from Q3 2022, there was a significant improvement in the net profit margin, with values increasing to 27.78% and then to 36.75% in Q4 2022. This suggests that Albemarle Corp. was able to enhance its profitability and efficiency in generating profits.

In the first two quarters of 2023, there was a further increase in the net profit margin, reaching 40.55% in Q2 2023 and 41.89% in Q1 2023. This indicates that the company was able to manage its expenses effectively and increase its profitability during this period.

However, there was a notable decline in the net profit margin in Q3 2023, dropping to 33.63%, although it still remained at a relatively high level compared to earlier quarters.

Overall, the trend in the net profit margin of Albemarle Corp. shows some variability but generally portrays an improving profitability performance over the past year, with some fluctuations in the more recent quarters. This suggests that the company has been successful in managing its costs and optimizing its revenue generation.