Align Technology Inc (ALGN)

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	445,053	362,814	314,087	315,073	361,573	510,759	619,028	705,942	772,020	740,047	698,449	458,133	1,775,887	1,738,161	1,701,314	1,889,058	442,776	418,906	417,254	376,217
Revenue (ttm)	US$ in thousands	3,862,257	3,807,046	3,737,180	3,704,563	3,734,635	3,864,220	3,989,782	4,031,039	3,952,591	3,756,011	3,474,245	2,815,749	2,471,941	2,287,208	2,160,405	2,408,788	2,406,796	2,291,029	2,188,977	2,078,539
Net profit margin		11.52%	9.53%	8.40%	8.50%	9.68%	13.22%	15.52%	17.51%	19.53%	19.70%	20.10%	16.27%	71.84%	75.99%	78.75%	78.42%	18.40%	18.28%	19.06%	18.10%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $445,053K ÷ $3,862,257K
= 11.52%

The net profit margin of Align Technology, Inc. has shown varying trends over the past eight quarters. In Q4 2023, the net profit margin was 11.52%, which was an improvement compared to the previous quarter's 9.53%. However, the Q4 2023 margin was lower than the margins recorded in Q2 2022 and Q1 2022, which were 15.52% and 17.51% respectively, indicating a potential decline in profitability compared to those periods.

Overall, while the net profit margin for Align Technology, Inc. has fluctuated over the quarters, it is essential to further investigate the reasons behind these fluctuations to determine the company's financial performance and sustainability in the long run.