Kelly Services A Inc (KELYA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 36,400 | -62,500 | 156,100 | -72,000 | 112,400 |
| Revenue | US$ in thousands | 4,834,000 | 4,948,800 | 4,905,600 | 4,506,800 | 5,355,600 |
| Net profit margin | 0.75% | -1.26% | 3.18% | -1.60% | 2.10% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $36,400K ÷ $4,834,000K
= 0.75%
The net profit margin of Kelly Services, Inc. has fluctuated over the past five years. In 2023, the net profit margin improved to 0.74%, indicating that for every dollar of revenue generated, the company retained $0.0074 as profit after all expenses. This is a positive trend compared to the negative net profit margins in 2023 and 2021, which were -1.26% and -1.59% respectively.
The highest net profit margin of 3.15% was observed in 2022, indicating a more efficient cost management and higher profitability during that period. However, the net profit margin declined to 2.08% in 2019. Overall, the inconsistent performance of the net profit margin suggests fluctuations in the company's ability to generate profits relative to its revenue over the past five years.
Peer comparison
Dec 31, 2023