Darling Ingredients Inc (DAR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 647,726 | 737,690 | 650,914 | 296,819 | 312,600 |
| Revenue | US$ in thousands | 6,543,760 | 6,399,860 | 4,676,920 | 3,496,520 | 3,274,760 |
| Net profit margin | 9.90% | 11.53% | 13.92% | 8.49% | 9.55% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $647,726K ÷ $6,543,760K
= 9.90%
Over the past five years, Darling Ingredients Inc's net profit margin has exhibited some fluctuations. The net profit margin, which represents the percentage of each dollar of revenue that results in net income after deducting all expenses, was 9.90% in 2023, 11.53% in 2022, 13.92% in 2021, 8.49% in 2020, and 9.55% in 2019.
The highest net profit margin was recorded in 2021 at 13.92%, indicating a strong ability to convert sales into profits during that year. However, this profitability measure decreased in the subsequent years, notably dropping to 8.49% in 2020 before partially recovering to 9.90% in 2023.
The fluctuations in Darling Ingredients Inc's net profit margin suggest varying levels of efficiency in cost management and revenue generation over the years, highlighting the importance of monitoring and analyzing this metric to assess the company's financial performance and sustainability.
Peer comparison
Dec 31, 2023