Cirrus Logic Inc (CRUS)

Net profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 23, 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
Net income (ttm)	US$ in thousands	274,572	176,061	140,815	152,596	176,703	326,786	350,945	348,853	326,355	255,222	241,954	216,344	217,344	202,221	156,365	173,089	159,498	155,497	116,918	98,881
Revenue (ttm)	US$ in thousands	1,788,131	1,789,079	1,760,694	1,820,205	1,896,542	2,014,981	1,972,748	1,898,050	1,781,915	1,584,295	1,521,700	1,403,112	1,368,432	1,354,186	1,243,059	1,284,646	1,280,324	1,241,474	1,191,101	1,168,494
Net profit margin		15.36%	9.84%	8.00%	8.38%	9.32%	16.22%	17.79%	18.38%	18.31%	16.11%	15.90%	15.42%	15.88%	14.93%	12.58%	13.47%	12.46%	12.53%	9.82%	8.46%

March 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $274,572K ÷ $1,788,131K
= 15.36%

The net profit margin of Cirrus Logic Inc has shown fluctuations over the past few quarters. In the most recent quarter (ending March 31, 2024), the net profit margin was 15.36%, indicating that the company retained 15.36 cents out of every dollar of revenue as profit. This represents an improvement from the previous quarter where the margin was 9.84%.

Looking back at the trend, there have been instances of variability in the net profit margin, with peaks observed in the quarters ending Dec 31, 2022, and Sep 30, 2022, with margins of 16.22% and 17.79% respectively, before declining modestly in subsequent quarters.

Overall, the net profit margin of Cirrus Logic Inc has generally been above 10% in recent quarters, reflecting the company's ability to control costs and generate profits relative to its revenue. However, it is essential to continue monitoring the margin to ensure sustained profitability and efficiency in the company's operations.