Dorman Products Inc (DORM)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	129,259	121,549	131,532	106,870	83,762
Revenue	US$ in thousands	1,881,730	1,718,170	1,343,090	1,095,250	991,329
Net profit margin		6.87%	7.07%	9.79%	9.76%	8.45%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $129,259K ÷ $1,881,730K
= 6.87%

The net profit margin of Dorman Products Inc has shown a fluctuating trend over the past five years, as evidenced by the percentages reported from 2019 to 2023. The company's net profit margin stood at 8.45% in 2019, slightly increased to 9.78% in both 2020 and 2021, before experiencing a decline to 7.01% in 2022 and further decreasing to 6.70% in 2023. This suggests that the company's profitability in terms of generating profit from its revenue has not been consistently improving, indicating potential challenges in managing costs and expenses relative to its sales over the period under review. Further analysis and investigation into the underlying factors driving these fluctuations would be necessary to form a more comprehensive assessment of Dorman Products Inc's financial performance.