Haverty Furniture Companies Inc (HVT)
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 | 56,320 | 65,056 | 72,453 | 82,369 | 89,358 | 89,926 | 89,608 | 90,758 | 90,803 | 91,925 | 85,953 | 76,735 | 59,148 | 39,820 | 27,656 | 20,062 | 21,864 | 25,193 | 27,448 | 27,616 |
| Revenue (ttm) | US$ in thousands | 867,572 | 935,649 | 988,559 | 1,034,657 | 1,047,913 | 1,033,296 | 1,018,756 | 1,015,444 | 1,012,971 | 988,370 | 945,498 | 805,218 | 748,317 | 720,815 | 712,863 | 795,327 | 803,272 | 798,403 | 799,078 | 805,167 |
| Net profit margin | 6.49% | 6.95% | 7.33% | 7.96% | 8.53% | 8.70% | 8.80% | 8.94% | 8.96% | 9.30% | 9.09% | 9.53% | 7.90% | 5.52% | 3.88% | 2.52% | 2.72% | 3.16% | 3.43% | 3.43% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $56,320K ÷ $867,572K
= 6.49%
The net profit margin of Haverty Furniture Cos., Inc. has shown a decreasing trend over the past quarters. It decreased from 8.53% in Q4 2022 to 6.53% in Q4 2023. The drop in net profit margin could indicate that the company's profitability has been under pressure, possibly due to factors such as increasing costs or declining sales relative to its revenue. It is essential for the company to closely monitor and manage its expenses and pricing strategies to improve its profitability and sustain its financial performance in the future.
Peer comparison
Dec 31, 2023