The Andersons Inc (ANDE)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 101,190 | 131,080 | 103,986 | 7,710 | 18,307 |
| Revenue | US$ in thousands | 14,750,100 | 17,325,400 | 12,612,000 | 8,064,620 | 8,003,250 |
| Net profit margin | 0.69% | 0.76% | 0.82% | 0.10% | 0.23% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $101,190K ÷ $14,750,100K
= 0.69%
Andersons Inc.'s net profit margin has shown some fluctuations over the past five years. In 2023, the net profit margin decreased to 0.69% from 0.76% in 2022 and 0.82% in 2021. This decline may indicate a decrease in profitability relative to the previous years. However, compared to 2020 and 2019 where the net profit margin stood at 0.09% and 0.22% respectively, the company has shown an improvement in profitability. Further analysis of the company's revenue and expenses trends would be necessary to understand the factors influencing the changes in net profit margin over the years.
Peer comparison
Dec 31, 2023