Fresh Del Monte Produce Inc (FDP)
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 | -11,400 | 113,400 | 138,300 | 111,800 | 98,600 | 69,100 | 37,100 | 63,100 | 80,000 | 92,100 | 108,200 | 78,900 | 49,200 | 22,500 | 23,200 | 43,400 | 66,500 | 58,300 | 18,700 | -27,300 |
| Revenue (ttm) | US$ in thousands | 4,320,700 | 4,352,100 | 4,402,500 | 4,433,900 | 4,442,300 | 4,419,600 | 4,370,900 | 4,300,600 | 4,252,000 | 4,237,000 | 4,221,900 | 4,172,600 | 4,202,300 | 4,225,200 | 4,305,700 | 4,452,800 | 4,489,000 | 4,509,700 | 4,509,000 | 4,542,000 |
| Net profit margin | -0.26% | 2.61% | 3.14% | 2.52% | 2.22% | 1.56% | 0.85% | 1.47% | 1.88% | 2.17% | 2.56% | 1.89% | 1.17% | 0.53% | 0.54% | 0.97% | 1.48% | 1.29% | 0.41% | -0.60% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-11,400K ÷ $4,320,700K
= -0.26%
Fresh Del Monte Produce Inc's net profit margin has exhibited fluctuations over the past several quarters. The net profit margin, a measure of profitability, indicates the percentage of revenue that translates into profit after accounting for all expenses.
In the most recent quarter, the net profit margin was negative at -0.26%, indicating the company incurred a net loss. This could be a red flag for investors and may suggest challenges in cost management or revenue generation.
However, looking at the historical trend, the net profit margin has been mostly positive, albeit with some variability. The highest net profit margin of 3.14% was recorded in the second quarter of 2023, indicating efficient cost management and strong revenue generation during that period.
Overall, investors should closely monitor Fresh Del Monte Produce Inc's net profit margin trends to assess the company's ability to generate profits sustainably and efficiently. Variations in the net profit margin could be influenced by factors such as changes in revenue, operating expenses, or one-time charges.
Peer comparison
Dec 31, 2023