Cirrus Logic Inc (CRUS)

Net profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	274,572	176,703	326,355	217,344	159,498
Revenue	US$ in thousands	1,788,060	1,896,530	1,781,390	1,369,220	1,280,980
Net profit margin		15.36%	9.32%	18.32%	15.87%	12.45%

March 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $274,572K ÷ $1,788,060K
= 15.36%

The net profit margin of Cirrus Logic Inc has demonstrated variability over the past five years. In the most recent fiscal year ending March 31, 2024, the net profit margin stood at 15.36%, showing an improvement from the previous year's 9.32%. This suggests that the company was able to generate a higher percentage of profit from its revenue in 2024 compared to 2023.

Looking further back, the net profit margin was 18.32% in 2022, indicating a decline to 15.87% in 2021 and a further decrease to 12.45% in 2020. The fluctuating trend in the net profit margin implies varying levels of profitability over the years, indicating potential shifts in factors influencing the company's profitability.

Overall, while the net profit margin of Cirrus Logic Inc has shown fluctuations, the recent improvement in 2024 suggests a positive trend in the company's ability to generate profits relative to its revenue. Analysis of the underlying reasons for these fluctuations could provide insights into the company's performance and profitability drivers.