The Andersons Inc (ANDE)
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 | 101,190 | 59,028 | 86,068 | 110,827 | 131,080 | 151,698 | 130,688 | 94,382 | 103,986 | 90,335 | 73,539 | 60,479 | 7,710 | -1,632 | -4,811 | -5,362 | 18,307 | 35,411 | 37,550 | 29,191 |
| Revenue (ttm) | US$ in thousands | 14,750,110 | 16,214,600 | 16,798,230 | 17,228,670 | 17,325,380 | 16,430,590 | 15,210,090 | 13,995,270 | 12,612,040 | 11,337,640 | 10,224,410 | 8,843,350 | 8,064,620 | 7,441,920 | 7,539,090 | 8,009,390 | 8,170,190 | 7,097,252 | 5,800,071 | 4,386,433 |
| Net profit margin | 0.69% | 0.36% | 0.51% | 0.64% | 0.76% | 0.92% | 0.86% | 0.67% | 0.82% | 0.80% | 0.72% | 0.68% | 0.10% | -0.02% | -0.06% | -0.07% | 0.22% | 0.50% | 0.65% | 0.67% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $101,190K ÷ $14,750,110K
= 0.69%
From the data presented, Andersons Inc.'s net profit margin has shown a decreasing trend over the past year. In Q4 2023, the net profit margin was 0.69%, which was higher than Q3 2023 (0.36%) but lower than the margins in Q2 2023 (0.51%) and Q1 2023 (0.64%). Comparing this to the same quarter in the previous year, Q4 2022 (0.76%), we see a decline in profitability.
Overall, Andersons Inc.'s net profit margin has been fluctuating within a relatively narrow range, with the highest margin reported in Q3 2022 (0.93%) and the lowest in Q3 2023 (0.36%). This suggests that the company's ability to convert revenue into profit has been somewhat inconsistent. Further analysis of the company's operational efficiency and cost management practices may be warranted to address the fluctuations in net profit margin.
Peer comparison
Dec 31, 2023