Benchmark Electronics Inc (BHE)

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	64,315	67,982	66,399	69,629	68,229	59,429	48,665	38,813	35,770	31,046	28,896	18,120	14,055	-571	650	13,504	23,425	58,072	58,735	60,231
Revenue (ttm)	US$ in thousands	2,838,976	2,898,266	2,950,146	2,944,943	2,886,331	2,768,741	2,569,048	2,385,681	2,255,319	2,143,515	2,097,584	2,043,888	2,053,131	2,040,325	2,069,603	2,180,239	2,268,095	2,416,701	2,502,160	2,561,149
Net profit margin		2.27%	2.35%	2.25%	2.36%	2.36%	2.15%	1.89%	1.63%	1.59%	1.45%	1.38%	0.89%	0.68%	-0.03%	0.03%	0.62%	1.03%	2.40%	2.35%	2.35%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $64,315K ÷ $2,838,976K
= 2.27%

Analyzing the net profit margin of Benchmark Electronics Inc. over the past eight quarters reveals a relatively stable trend, with margins ranging from 1.63% to 2.36% during this period. The net profit margin measures the proportion of each dollar of revenue that translates into net income after accounting for all expenses.

In Q4 2023, the net profit margin stood at 2.27%, slightly lower than the previous quarter but within the range observed over the previous quarters. This suggests that the company has been able to maintain a consistent level of profitability relative to its revenue.

The fluctuations in the net profit margin over the quarters may indicate variations in operating efficiency, cost control measures, or changes in revenue and expense dynamics. It is essential for Benchmark Electronics Inc. to monitor these fluctuations closely to ensure sustainable profitability in the long term.