CTS Corporation (CTS)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	60,532	59,575	-41,866	34,686	36,146
Revenue	US$ in thousands	550,422	586,869	512,925	424,066	468,999
Net profit margin		11.00%	10.15%	-8.16%	8.18%	7.71%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $60,532K ÷ $550,422K
= 11.00%

The net profit margin of CTS Corp. has shown varying trends over the past five years. In 2023, the net profit margin improved to 11.00%, indicating that the company generated $0.11 of profit for each dollar of revenue. This represents an increase from the previous year's net profit margin of 10.15%.

However, the company experienced a significant decline in its net profit margin in 2021, where it recorded a negative net profit margin of -8.16%, reflecting that the company incurred losses higher than its revenue. This could be attributed to various factors such as increased operating expenses, one-time charges, or declining revenue.

In the years 2020 and 2019, CTS Corp. maintained positive net profit margins of 8.18% and 7.71% respectively. These levels indicate that the company was able to efficiently manage its expenses and generate profits relative to its revenue during those years.

Overall, CTS Corp.'s net profit margin has shown fluctuations in recent years, with fluctuations from negative to positive territory. It is important for the company to continue monitoring its profitability and implementing strategies to sustain or improve its net profit margin in the future.