Ichor Holdings Ltd (ICHR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-42,985	72,804	70,899	33,279	10,729
Revenue	US$ in thousands	791,741	1,269,010	1,089,730	905,509	610,190
Net profit margin		-5.43%	5.74%	6.51%	3.68%	1.76%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-42,985K ÷ $791,741K
= -5.43%

Ichor Holdings Ltd's net profit margin has fluctuated over the past five years, indicating varying levels of profitability. In 2023, the net profit margin was negative, which implies that the company experienced a loss rather than a profit. This contrasts starkly with the positive net profit margins recorded in the preceding years, with the highest achieved in 2021 at 6.51%. The company's profitability improved from 2019 to 2021 but declined in 2022 and significantly worsened in 2023. A negative net profit margin could result from increased expenses, declining revenues, or one-time charges impacting the bottom line. Further analysis of the company's financial performance and operational efficiency is recommended to understand the underlying reasons for the negative net profit margin in 2023.