American States Water Company (AWR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	124,921	78,396	94,347	86,425	84,342
Revenue	US$ in thousands	595,699	491,528	498,853	488,243	473,869
Net profit margin		20.97%	15.95%	18.91%	17.70%	17.80%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $124,921K ÷ $595,699K
= 20.97%

American States Water Co.'s net profit margin has demonstrated a positive trend over the past five years. The company's net profit margin increased from 17.72% in 2019 to 20.91% in 2023, indicating an improvement in profitability. This suggests that the company has been effective in managing its expenses and generating higher profits relative to its revenue.

In 2023, American States Water Co. achieved a net profit margin of 20.91%, which means that for every dollar of revenue generated, the company retained $0.2091 as net profit. This reflects a strong performance in converting revenue into profits and indicates efficient cost management and operational effectiveness.

The gradual increase in net profit margin from 2019 to 2023 signifies the company's ability to enhance profitability over time, potentially through strategies such as revenue growth, cost control, and operational efficiency improvements. Overall, the consistent improvement in net profit margin suggests positive financial health and performance for American States Water Co.