Chuy's Holdings Inc (CHUY)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	31,510	20,855	30,176	-3,294	6,215
Revenue	US$ in thousands	461,310	422,215	396,467	320,952	426,357
Net profit margin		6.83%	4.94%	7.61%	-1.03%	1.46%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $31,510K ÷ $461,310K
= 6.83%

Chuy's Holdings Inc's net profit margin has fluctuated over the past five years. In 2023, the net profit margin increased to 6.83%, up from 4.94% in 2022. This indicates that the company was able to generate a higher percentage of profit for every dollar of revenue in 2023 compared to the previous year.

Looking back, the net profit margin was also relatively strong in 2021 at 7.61%, showing profitability improvements. However, in 2020, the company experienced a negative net profit margin of -1.03%, indicating that expenses exceeded revenues during that period. The situation improved in 2019 with a net profit margin of 1.46%, although it was still relatively low compared to the more recent years.

Overall, the trend in net profit margin for Chuy's Holdings Inc suggests some variability in profitability performance over the years, with improvements seen in more recent financial periods, indicating potential positive developments in the company's financial management and operations.