California Water Service Group (CWT)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	51,911	96,011	101,125	96,831	63,116
Revenue	US$ in thousands	747,613	804,187	749,273	755,324	626,488
Net profit margin		6.94%	11.94%	13.50%	12.82%	10.07%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $51,911K ÷ $747,613K
= 6.94%

The net profit margin of California Water Service Group has shown some fluctuations over the past five years. In 2023, the net profit margin decreased to 6.53% from 11.34% in 2022. This decline is noteworthy as it represents a significant decrease in profitability. However, it is important to note that the net profit margin was relatively stable in the preceding years, with values ranging from 8.83% in 2019 to 12.79% in 2021.

The decreasing trend in the net profit margin in 2023 may raise concerns about the company's ability to generate profits from its operational activities. It is essential for stakeholders to further investigate the factors contributing to this decline and assess the company's financial health and performance in the coming periods.