Box Inc (BOX)

Net profit margin

		Jan 31, 2024	Jan 31, 2023	Jan 31, 2022	Jan 31, 2021	Jan 31, 2020
Net income	US$ in thousands	129,032	26,783	-41,459	-43,433	-144,348
Revenue	US$ in thousands	1,040,660	994,397	877,506	773,486	702,138
Net profit margin		12.40%	2.69%	-4.72%	-5.62%	-20.56%

January 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $129,032K ÷ $1,040,660K
= 12.40%

The net profit margin of Box Inc has shown significant variability over the past five years. In January 2020, the company reported a net profit margin of -20.56%, reflecting a substantial loss relative to its revenue during that fiscal year. However, there was a notable improvement in the subsequent years, with the net profit margin increasing to -5.62% in January 2021 and further improving to -4.72% in January 2022.

The most significant improvement in net profit margin occurred in the two most recent fiscal years, with the margin reaching 2.69% in January 2023 and further rising to 12.40% in January 2024. This positive trend indicates that Box Inc has been able to significantly enhance its profitability relative to its revenue, potentially reflecting operational efficiency and effective cost management strategies implemented by the company.

Overall, the upward trend in net profit margin from significant losses to positive figures suggests an improvement in Box Inc's financial performance and profitability over the past five years, which could be indicative of enhanced business operations and strategic decision-making.