APA Corporation (APA)

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	2,526,000	1,243,000	1,213,000	1,826,000	3,536,000	3,516,000	3,076,000	2,512,000	1,062,000	663,000	742,000	17,000	-4,860,000	-7,988,000	-8,101,000	-8,031,000	-3,553,000	-785,000	-587,000	-76,000
Revenue (ttm)	US$ in thousands	8,279,000	8,584,000	9,163,000	10,414,000	10,539,000	10,366,000	9,538,000	8,247,000	6,164,000	5,154,000	4,239,000	3,079,000	4,308,000	4,644,000	5,000,000	6,022,000	6,400,000	6,478,000	6,954,000	7,272,000
Net profit margin		30.51%	14.48%	13.24%	17.53%	33.55%	33.92%	32.25%	30.46%	17.23%	12.86%	17.50%	0.55%	-112.81%	-172.01%	-162.02%	-133.36%	-55.52%	-12.12%	-8.44%	-1.05%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,526,000K ÷ $8,279,000K
= 30.51%

APA Corporation's net profit margin has shown fluctuations over the past eight quarters. In Q4 2023, the net profit margin was at its highest at 34.41%, which indicates that the company was able to retain 34.41% of its revenue as profit after accounting for all expenses. However, this figure dropped significantly in Q3 2023 to 17.46%, before increasing to 15.98% in Q2 2023 and further to 19.25% in Q1 2023.

Comparing the recent performance to the same quarters in the previous year, the net profit margin in Q4 2023 is lower than the 32.74% seen in Q4 2022. The trend in 2023 indicates some volatility in the company's ability to generate profits relative to its revenue. It would be essential to investigate the reasons behind these fluctuations to assess the company's operational efficiency, cost management, pricing strategies, or changes in revenue streams.