Haynes International Inc (HAYN)
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 | 41,938 | 41,975 | 45,183 | 52,032 | 48,167 | 45,087 | 31,305 | 16,119 | 4,003 | -8,683 | -16,954 | -25,473 | -17,773 | -6,478 | 5,276 | 17,175 | 14,616 | 9,745 | 5,838 | 2,749 |
| Revenue (ttm) | US$ in thousands | 595,589 | 581,609 | 566,513 | 554,183 | 519,804 | 487,796 | 440,365 | 398,795 | 364,018 | 336,761 | 321,421 | 313,735 | 343,237 | 379,566 | 429,268 | 474,910 | 490,833 | 489,454 | 482,127 | 469,212 |
| Net profit margin | 7.04% | 7.22% | 7.98% | 9.39% | 9.27% | 9.24% | 7.11% | 4.04% | 1.10% | -2.58% | -5.27% | -8.12% | -5.18% | -1.71% | 1.23% | 3.62% | 2.98% | 1.99% | 1.21% | 0.59% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $41,938K ÷ $595,589K
= 7.04%
Net profit margin is a key financial ratio that indicates the company's profitability by showing the percentage of each dollar of revenue that translates into profit after all expenses have been deducted. In the case of Haynes International Inc., the net profit margin has shown some fluctuation over the past eight quarters.
The net profit margin for Q1 2024 is 6.94%, slightly lower than the previous quarter's figure of 7.11%. This implies that the company's profitability slightly decreased in the most recent quarter. Looking further back, Q3 2023 had a net profit margin of 7.88%, which was higher than the recent quarters but still below the 9% level seen in Q2 2023 and Q1 2023.
It is essential to note the variation in net profit margin over the quarters, ranging from a low of 4.03% in Q2 2022 to a high of 9.30% in Q2 2023. This variability may be due to factors such as changes in revenue, expenses, cost control measures, or the impact of macroeconomic conditions on the company's operations.
Overall, while Haynes International Inc. has maintained relatively healthy levels of profitability, there seems to be some volatility in the net profit margin over the past eight quarters. Further analysis and investigation into the underlying reasons for these fluctuations would be necessary to gain a deeper understanding of the company's financial performance.
Peer comparison
Dec 31, 2023