Dorman Products Inc (DORM)

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	129,259	96,811	86,890	92,025	121,549	137,793	140,296	134,009	131,532	133,403	134,558	116,825	106,870	88,467	75,516	83,130	83,762	100,813	113,522	126,362
Revenue (ttm)	US$ in thousands	1,893,680	1,901,551	1,836,706	1,784,557	1,718,167	1,624,260	1,560,827	1,455,608	1,343,272	1,247,556	1,200,483	1,123,030	1,095,246	1,033,597	986,773	1,007,766	991,329	1,012,103	1,006,261	1,228,380
Net profit margin		6.83%	5.09%	4.73%	5.16%	7.07%	8.48%	8.99%	9.21%	9.79%	10.69%	11.21%	10.40%	9.76%	8.56%	7.65%	8.25%	8.45%	9.96%	11.28%	10.29%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $129,259K ÷ $1,893,680K
= 6.83%

The net profit margin of Dorman Products Inc has displayed some fluctuations over the past eight quarters. In Q4 2023, the net profit margin was 6.70%, showing an improvement compared to the previous quarter's 5.00%. However, it is lower than the levels seen in Q4 2022, which stood at 7.01%.

Overall, there seems to be a downward trend in the net profit margin since Q2 2022, where it reached its peak at 8.96%. The subsequent quarters have seen a gradual decline in the net profit margin, with Q2 2023 and Q1 2023 showing values of 4.67% and 5.12% respectively.

It is essential for investors and stakeholders to monitor this trend closely to assess the company's ability to generate profits relative to its revenue. Further analysis of the company's financial performance and operational efficiency would be necessary to understand the factors influencing these fluctuations in the net profit margin.