American States Water Company (AWR)

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	124,921	123,122	117,211	98,641	78,396	80,117	82,616	89,241	94,347	94,208	92,585	91,621	86,425	82,914	84,390	85,562	84,342	81,431	76,377	65,941
Revenue (ttm)	US$ in thousands	595,699	595,886	579,174	544,381	491,528	482,785	484,556	490,363	498,853	506,429	503,362	496,226	488,243	477,036	477,844	481,213	473,869	471,881	461,567	443,821
Net profit margin		20.97%	20.66%	20.24%	18.12%	15.95%	16.59%	17.05%	18.20%	18.91%	18.60%	18.39%	18.46%	17.70%	17.38%	17.66%	17.78%	17.80%	17.26%	16.55%	14.86%

December 31, 2023 calculation

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

The net profit margin of American States Water Co. has shown a generally increasing trend over the past eight quarters, indicating improving profitability. The company's net profit margin ranged from 15.91% in Q4 2022 to 20.91% in Q4 2023. This suggests that the company has been able to effectively control its costs and expenses while generating higher revenues, leading to higher profitability.

The consistently positive net profit margins reflect the company's ability to translate its revenues into profits efficiently. This trend is a positive indicator of the company's financial health and operational efficiency.

Overall, the trend in American States Water Co.'s net profit margin indicates a positive trajectory in terms of profitability, which is crucial for sustaining and growing the business in the long run.