California Water Service Group (CWT)

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	51,911	41,352	62,786	72,714	96,011	79,945	86,502	105,243	101,125	113,119	147,050	114,106	96,831	92,670	38,734	50,449	63,116	67,148	60,897	58,706
Revenue (ttm)	US$ in thousands	747,613	735,174	747,860	761,503	804,187	797,818	769,379	775,750	750,020	819,771	805,304	766,295	755,324	656,603	650,604	644,504	626,578	622,617	615,748	621,513
Net profit margin		6.94%	5.62%	8.40%	9.55%	11.94%	10.02%	11.24%	13.57%	13.48%	13.80%	18.26%	14.89%	12.82%	14.11%	5.95%	7.83%	10.07%	10.78%	9.89%	9.45%

December 31, 2023 calculation

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

California Water Service Group's net profit margin has fluctuated over the past 8 quarters, ranging from a high of 12.90% in Q1 2022 to a low of 5.32% in Q3 2023. The net profit margin is a key indicator of the company's profitability, representing the percentage of revenue that translates into profit after all expenses have been deducted. The downward trend in net profit margin from Q1 2022 to Q3 2023 indicates a potential decrease in efficiency in cost management or a decline in revenue generation. It is important for the company to closely monitor and address the factors influencing its net profit margin to ensure sustainable profitability and financial health.