Diodes Incorporated (DIOD)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	227,182	331,283	228,763	98,088	153,250
Revenue	US$ in thousands	1,652,820	1,998,010	1,795,390	1,207,620	1,261,930
Net profit margin		13.75%	16.58%	12.74%	8.12%	12.14%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $227,182K ÷ $1,652,820K
= 13.75%

The net profit margin of Diodes, Inc. has demonstrated some fluctuations over the past five years. In 2022, the company achieved a relatively high net profit margin of 16.56%, indicating that for each dollar of revenue generated, the company retained $0.1656 as profit after covering all expenses. However, in 2020, the net profit margin was lower at 7.98%, suggesting that the company's profitability was reduced during that period.

In 2023, the net profit margin improved to 13.67%, which indicates a better efficiency in cost management and higher profitability compared to the previous year. The year 2021 also saw a moderate net profit margin of 12.67%, indicating a reasonable level of profit generation relative to revenue.

Overall, the trend in the net profit margin of Diodes, Inc. suggests some variability in the company's ability to convert revenue into profits. Monitoring and managing expenses to sustain or enhance profitability will be crucial for the company's financial performance in the future.