Calavo Growers Inc (CVGW)
Net profit margin
| Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | Oct 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -8,344 | -6,249 | -11,818 | -13,625 | 36,646 |
| Revenue | US$ in thousands | 967,829 | 1,188,450 | 1,063,150 | 1,022,360 | 1,197,400 |
| Net profit margin | -0.86% | -0.53% | -1.11% | -1.33% | 3.06% |
October 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-8,344K ÷ $967,829K
= -0.86%
Based on the data provided, Calavo Growers, Inc has experienced fluctuating net profit margins over the past five years. In 2019, the company achieved a relatively high net profit margin of 3.06%, indicating strong profitability. However, this trend reversed in subsequent years, with negative net profit margins reported. In 2020, the net profit margin decreased to -1.29%, followed by a further decline to -1.12% in 2021 and -0.52% in 2022. The most recent data for October 31, 2023, indicates a net profit margin of -0.86%.
These figures suggest that Calavo Growers, Inc has been facing challenges in generating profits relative to its revenues and may need to focus on improving cost management and operational efficiencies to enhance its bottom line performance. It is essential for the company to closely monitor its expenses and explore strategies to increase revenues in order to reverse the declining trend in net profit margin.