CTS Corporation (CTS)

Net profit margin

		Dec 31, 2023	Sep 30, 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	Mar 31, 2019
Net income (ttm)	US$ in thousands	60,532	60,152	57,979	57,680	59,575	53,800	-21,894	-33,617	-41,866	-36,084	38,885	42,867	34,685	29,800	21,449	28,535	36,146	43,648	51,137	46,403
Revenue (ttm)	US$ in thousands	550,422	568,009	585,368	585,168	586,869	577,119	547,590	532,193	512,925	503,412	494,807	449,419	424,067	416,089	417,963	454,450	469,000	474,033	477,241	474,578
Net profit margin		11.00%	10.59%	9.90%	9.86%	10.15%	9.32%	-4.00%	-6.32%	-8.16%	-7.17%	7.86%	9.54%	8.18%	7.16%	5.13%	6.28%	7.71%	9.21%	10.72%	9.78%

December 31, 2023 calculation

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

CTS Corp.'s net profit margin has shown a positive trend over the past eight quarters, with values ranging from -6.32% to 11.00%. The company experienced a significant improvement in profitability from Q2 2022, where it reported a negative net profit margin, to Q4 2022 and onwards, showcasing a continuous growth trend. This indicates that the company has been more effective in managing its expenses and generating profits from its operations. The highest net profit margin of 11.00% was achieved in Q4 2023, reflecting the company's ability to efficiently convert revenue into profits. Overall, the improving trend in net profit margin suggests that CTS Corp. has been successful in enhancing its operational efficiency and financial performance over the analyzed period.