Avient Corp (AVNT)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	75,700	703,100	230,800	131,600	588,600
Revenue	US$ in thousands	3,025,600	3,817,600	4,743,500	3,167,500	2,803,200
Net profit margin		2.50%	18.42%	4.87%	4.15%	21.00%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $75,700K ÷ $3,025,600K
= 2.50%

The net profit margin of Avient Corp has shown fluctuations over the past five years. In 2023, the net profit margin decreased significantly to 2.41% from 20.70% in 2022. This decline may signal challenges in controlling costs or generating revenue efficiently during the most recent fiscal year. The net profit margin was relatively stable in 2020 and 2021 at around 4-5%, indicating a moderate level of profitability during those years. The high net profit margin of 20.56% in 2019 suggests that the company was exceptionally efficient in generating profits relative to its revenue that year. Overall, the trend in the net profit margin of Avient Corp indicates some variability in the company's profitability performance over the past five years.