Bill Com Holdings Inc (BILL)
Net profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -28,878 | -223,725 | -326,361 | -98,720 | -31,091 |
| Revenue | US$ in thousands | 1,337,410 | 1,043,850 | 633,252 | 210,162 | 157,371 |
| Net profit margin | -2.16% | -21.43% | -51.54% | -46.97% | -19.76% |
June 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-28,878K ÷ $1,337,410K
= -2.16%
The net profit margin of Bill Com Holdings Inc has experienced fluctuations over the past five years. In June 2020, the net profit margin was -19.76%, indicating that the company's profitability was in negative territory. This negative trend continued in June 2021 and June 2022, with net profit margins of -46.97% and -51.54% respectively, showing a significant decline in profitability.
However, there was a noticeable improvement in June 2023, with the net profit margin improving to -21.43%. This could suggest that the company made some strategic changes to enhance its profitability. Moreover, in June 2024, the net profit margin further improved to -2.16%, indicating a significant turnaround in the company's profitability compared to previous years.
Overall, the net profit margin of Bill Com Holdings Inc has shown fluctuations but has gradually improved in recent years. It is essential for the company to sustain this positive momentum and continue implementing measures to enhance profitability further.
Peer comparison
Jun 30, 2024