Avery Dennison Corp (AVY)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 503,000 | 757,100 | 740,100 | 555,900 | 303,600 |
| Revenue | US$ in thousands | 8,245,300 | 8,955,200 | 8,343,800 | 6,901,500 | 6,984,600 |
| Net profit margin | 6.10% | 8.45% | 8.87% | 8.05% | 4.35% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $503,000K ÷ $8,245,300K
= 6.10%
The net profit margin of Avery Dennison Corp has shown a fluctuating trend over the past five years. In 2019, the net profit margin was relatively low at 4.35%. However, there was a notable increase in 2020, reaching 8.05%. Subsequently, the company's net profit margin continued to improve in 2021 and 2022, reaching 8.87% and 8.45% respectively.
In the most recent year, December 31, 2023, Avery Dennison Corp experienced a slight decrease in its net profit margin to 6.10%. This downward trend may indicate potential challenges or changes in the company's operating efficiency and profitability. It is essential for stakeholders to further investigate the factors contributing to this decline to assess the company's financial performance effectively.
Peer comparison
Dec 31, 2023