Avient Corp (AVNT)
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 | 75,700 | 591,600 | 576,200 | 638,800 | 703,100 | 188,400 | 251,600 | 235,700 | 230,800 | 275,300 | 224,100 | 178,100 | 131,600 | 522,600 | 563,900 | 583,200 | 588,600 | 134,700 | 141,900 | 151,100 |
| Revenue (ttm) | US$ in thousands | 3,025,600 | 3,616,800 | 3,679,400 | 4,170,600 | 4,630,600 | 4,533,100 | 4,947,900 | 4,877,400 | 4,743,500 | 4,556,500 | 4,250,500 | 3,627,700 | 3,186,800 | 2,848,400 | 2,643,400 | 2,938,100 | 3,120,000 | 3,295,400 | 3,473,000 | 3,484,000 |
| Net profit margin | 2.50% | 16.36% | 15.66% | 15.32% | 15.18% | 4.16% | 5.08% | 4.83% | 4.87% | 6.04% | 5.27% | 4.91% | 4.13% | 18.35% | 21.33% | 19.85% | 18.87% | 4.09% | 4.09% | 4.34% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $75,700K ÷ $3,025,600K
= 2.50%
The net profit margin of Avient Corp has shown fluctuations over the past eight quarters. In Q3 2023, the net profit margin was relatively high at 24.64%, indicating that the company generated a significant percentage of revenue as profit after accounting for all expenses. This strong performance followed a sharp increase from the previous quarter, Q2 2023, where the net profit margin was 23.32%.
In comparison, the net profit margin in Q1 2023 was slightly lower at 21.66%, showing a slight decrease from the previous quarter. However, the company managed to maintain a relatively healthy net profit margin in this period.
Looking further back, in Q4 2022, the net profit margin was 20.70%, which had increased significantly from the previous quarter. Prior to that, Q3 2022 had a lower net profit margin of 4.08%, which saw a notable improvement in Q2 2022 to 5.01%. The net profit margin in Q1 2022 was at 4.76%.
Overall, the fluctuation in net profit margin for Avient Corp reflects varying levels of efficiency in cost management, revenue generation, and profitability over the analyzed quarters. High net profit margins signify strong profitability while lower margins may indicate challenges or increased costs. Investors and stakeholders may monitor these trends to assess the company's financial health and performance.
Peer comparison
Dec 31, 2023