Avanos Medical Inc (AVNS)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-61,800	50,500	6,300	-29,000	-45,900
Revenue	US$ in thousands	587,500	810,000	741,300	699,300	682,600
Net profit margin		-10.52%	6.23%	0.85%	-4.15%	-6.72%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-61,800K ÷ $587,500K
= -10.52%

The net profit margin of Avanos Medical Inc has shown mixed performance over the past five years, ranging from a low of -9.18% in 2023 to a high of 6.16% in 2022. In 2021, the net profit margin was 0.70%, indicating a modest level of profitability. However, in 2020 and 2019, the company experienced negative net profit margins of -3.81% and -6.58% respectively, suggesting challenges in generating profits relative to its revenue during those periods. Overall, the trend in net profit margin fluctuates, indicating varying levels of efficiency in cost management and revenue generation over the years. Further analysis of the company's operational and financial performance is recommended to understand the factors driving these fluctuations in net profit margin.