Innoviva Inc (INVA)

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	179,722	49,877	233,354	233,013	213,921	292,580	99,495	187,504	265,854	309,412	265,192	253,088	224,402	216,448	228,039	188,935	157,288	375,099	382,379	399,265
Revenue (ttm)	US$ in thousands	291,306	265,493	264,791	292,746	287,188	335,952	366,863	358,359	372,796	355,782	346,801	325,125	318,463	308,609	285,580	270,641	247,045	250,932	246,312	253,952
Net profit margin		61.70%	18.79%	88.13%	79.60%	74.49%	87.09%	27.12%	52.32%	71.31%	86.97%	76.47%	77.84%	70.46%	70.14%	79.85%	69.81%	63.67%	149.48%	155.24%	157.22%

December 31, 2023 calculation

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

Net profit margin, a key financial ratio that measures a company's profitability, has shown varying trends for Innoviva Inc over the past eight quarters. In Q2 2023 and Q4 2022, the net profit margin stood at impressive levels of 80.35% and 64.56%, respectively, indicating strong profitability levels during those periods. However, there was a significant drop in Q3 2023 to 17.17%, suggesting a decrease in profitability compared to the preceding quarter.

Overall, the net profit margin has exhibited volatility, with fluctuations observed across different quarters. It is essential for Innoviva Inc to monitor and analyze the factors influencing these fluctuations in order to maintain profitability levels and make informed strategic decisions moving forward.