CH Robinson Worldwide Inc (CHRW)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	325,129	940,524	844,245	506,421	576,968
Revenue	US$ in thousands	17,596,400	24,696,600	23,102,100	16,207,100	15,309,500
Net profit margin		1.85%	3.81%	3.65%	3.12%	3.77%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $325,129K ÷ $17,596,400K
= 1.85%

The net profit margin of C.H. Robinson Worldwide, Inc. has shown fluctuations over the past five years. In 2023, the net profit margin dropped to 1.85% from 3.81% in 2022. This decrease may indicate a potential decline in the company's profitability efficiency in generating profit from its revenue. However, comparing the 2023 result to the margins of 2021, 2020, and 2019, where the margins were 3.65%, 3.12%, and 3.77% respectively, suggests that the company's profitability in 2023 was below the levels seen in the prior years. This declining trend could be a concern for investors and stakeholders as it may indicate challenges in managing costs and maintaining profitability levels. Further analysis and monitoring of the company's financial performance and operational strategies would be necessary to understand the underlying reasons for this trend and assess the company's future profitability prospects.