Broadcom Inc (AVGO)
Net profit margin
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 14,082,000 | 11,495,000 | 6,736,000 | 2,960,000 | 2,724,000 |
| Revenue | US$ in thousands | 35,819,000 | 33,203,000 | 27,450,000 | 23,888,000 | 22,597,000 |
| Net profit margin | 39.31% | 34.62% | 24.54% | 12.39% | 12.05% |
October 29, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $14,082,000K ÷ $35,819,000K
= 39.31%
Broadcom Inc's net profit margin has shown a positive trend over the past five years, indicating an improvement in the company's profitability. The net profit margin has steadily increased from 11.93% in 2019 to 39.31% in 2023. This indicates that for every dollar of revenue generated, the company has been able to achieve higher levels of net income as a percentage of sales. This trend suggests that Broadcom Inc has been successful in controlling its costs and increasing operational efficiency, resulting in stronger bottom-line performance. The substantial rise in net profit margin reflects the company's ability to effectively manage its expenses and optimize its revenue, potentially enhancing shareholder value.
Peer comparison
Oct 29, 2023