CH Robinson Worldwide Inc (CHRW)

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	325,129	390,349	534,198	785,067	940,524	1,074,429	1,095,684	941,288	844,245	761,954	651,430	601,580	506,421	457,720	468,085	493,326	576,968	665,012	694,013	683,996
Revenue (ttm)	US$ in thousands	17,596,450	18,441,380	20,115,730	22,492,350	24,696,630	26,131,660	26,379,980	25,114,230	23,102,150	21,149,750	19,110,850	17,205,970	16,207,110	15,450,990	15,082,320	15,363,310	15,309,510	15,654,090	12,492,004	9,254,647
Net profit margin		1.85%	2.12%	2.66%	3.49%	3.81%	4.11%	4.15%	3.75%	3.65%	3.60%	3.41%	3.50%	3.12%	2.96%	3.10%	3.21%	3.77%	4.25%	5.56%	7.39%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $325,129K ÷ $17,596,450K
= 1.85%

The net profit margin of C.H. Robinson Worldwide, Inc. has shown a declining trend over the past few quarters. In Q1 2023, the net profit margin was recorded at 3.49%, which was notably higher than the subsequent quarters. This was followed by a gradual decrease in Q2 2023 (2.66%), Q3 2023 (2.12%), and Q4 2023 (1.85%).

Comparing these figures to the same quarters in the previous year, it is evident that there has been a consistent decline in the net profit margin of the company. For instance, in Q4 2022, the net profit margin was 3.81%, higher than any quarter in 2023. This declining trend suggests that the company may be facing challenges in maintaining profitability or managing costs efficiently.

Overall, the decreasing net profit margin of C.H. Robinson Worldwide, Inc. indicates a potential concern regarding the company's profitability and financial performance which may require further investigation and strategic measures to address.