Allegro Microsystems Inc (ALGM)

Net profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Net income	US$ in thousands	152,697	187,357	119,407	17,953
Revenue	US$ in thousands	1,043,670	972,297	768,005	579,037
Net profit margin		14.63%	19.27%	15.55%	3.10%

March 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $152,697K ÷ $1,043,670K
= 14.63%

Allegro Microsystems Inc's net profit margin has shown fluctuations over the past four years. In the most recent fiscal year ending on March 31, 2024, the company reported a net profit margin of 14.63%, representing a decrease from the previous year's margin of 19.27%. This decrease indicates a lower percentage of revenue converted into net income.

Comparing the latest net profit margin to the margins in earlier years, we observe that Allegro Microsystems Inc experienced a significant improvement in profitability in the fiscal year ending March 31, 2023, with a margin of 19.27% compared to 15.55% in the previous year. Notably, the net profit margin in the fiscal year ending March 31, 2021, was relatively low at 3.10%.

The fluctuations in net profit margin suggest varying levels of operational efficiency and cost management within the company over the analyzed period. It would be essential for Allegro Microsystems Inc to analyze the factors contributing to the changes in net profit margin to sustain healthy profitability levels in the future.