PC Connection Inc (CNXN)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 83,271 | 89,219 | 69,906 | 55,765 | 82,111 |
| Revenue | US$ in thousands | 2,850,070 | 3,124,980 | 2,892,630 | 2,590,160 | 2,819,820 |
| Net profit margin | 2.92% | 2.86% | 2.42% | 2.15% | 2.91% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $83,271K ÷ $2,850,070K
= 2.92%
Over the past five years, PC Connection Inc has shown varying levels of net profit margin, a key profitability ratio that indicates the company's ability to generate profits from its revenue. The net profit margin has ranged from 2.15% in 2020 to 2.92% in 2023.
The trend in the net profit margin shows a slight improvement from 2020 to 2023, with margins increasing consistently over the years, except for a small decline in 2021. This indicates that the company has been able to effectively manage its costs and expenses relative to its revenue, leading to higher profitability.
Overall, PC Connection Inc's net profit margin has remained relatively stable over the years, reflecting a consistent level of efficiency in converting revenue into profits. However, the company may still have opportunities to further optimize its cost structure and improve profitability in the future.
Peer comparison
Dec 31, 2023