Haverty Furniture Companies Inc (HVT)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 56,319 | 89,358 | 90,803 | 59,148 | 21,865 |
| Revenue | US$ in thousands | 867,570 | 1,048,700 | 1,013,110 | 783,124 | 803,578 |
| Net profit margin | 6.49% | 8.52% | 8.96% | 7.55% | 2.72% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $56,319K ÷ $867,570K
= 6.49%
Haverty Furniture Companies Inc's net profit margin has shown some fluctuations over the past five years. The company's net profit margin was 6.49% in 2023, a decrease from the previous year's 8.52%. In 2021, the net profit margin was 8.96%, which was slightly higher compared to 2020. The lowest net profit margin was recorded in 2019 at 2.72%.
Overall, the trend indicates some variability in the company's profitability over the years, with fluctuations seen in the net profit margin. It is essential for the company to analyze the reasons behind these fluctuations and take necessary steps to improve and stabilize its profitability in the future.
Peer comparison
Dec 31, 2023