Innoviva Inc (INVA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	179,722	213,921	265,854	224,402	157,288
Revenue	US$ in thousands	291,306	294,888	372,796	318,463	242,036
Net profit margin		61.70%	72.54%	71.31%	70.46%	64.99%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $179,722K ÷ $291,306K
= 61.70%

The net profit margin of Innoviva Inc has experienced fluctuations over the past five years.

In 2023, the net profit margin decreased to 57.89% from 64.56% in 2022. This decline may indicate a decrease in profitability in the most recent year. However, it is important to note that a net profit margin of 57.89% still indicates that the company is generating significant profits relative to its revenue.

Comparing to previous years, in 2021, the net profit margin was 67.84%, which was the highest among the five years analyzed. This suggests that the company was very efficient in generating profits relative to its revenue in 2021.

In 2020 and 2019, the net profit margin was 66.63% and 60.26% respectively. These figures indicate that the company has historically been able to maintain a high level of profitability relative to its revenue.

Overall, while there has been some fluctuation in the net profit margin of Innoviva Inc over the past five years, the company has generally been able to maintain a high level of profitability. Further analysis of the company's financial performance and market conditions may provide insights into the factors influencing these fluctuations.