Kelly Services A Inc (KELYA)

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	36,400	24,100	1,300	-4,000	-62,500	10,100	61,100	82,900	156,100	107,800	89,700	106,800	-72,000	-78,400	-105,600	-62,900	112,400	71,500	115,100	15,900
Revenue (ttm)	US$ in thousands	4,835,500	3,861,600	3,911,600	2,700,700	1,433,300	2,422,100	2,449,600	3,702,000	4,906,200	4,897,300	4,739,800	4,458,800	4,516,300	4,613,700	4,843,900	5,235,600	5,355,600	5,432,500	5,507,200	5,526,600
Net profit margin		0.75%	0.62%	0.03%	-0.15%	-4.36%	0.42%	2.49%	2.24%	3.18%	2.20%	1.89%	2.40%	-1.59%	-1.70%	-2.18%	-1.20%	2.10%	1.32%	2.09%	0.29%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $36,400K ÷ $4,835,500K
= 0.75%

Analyzing Kelly Services, Inc.'s net profit margin over the past eight quarters reveals fluctuations in profitability. The net profit margin, representing the percentage of revenue that translates into profit after all expenses are deducted, has varied significantly. In Q4 2022, the company experienced a notable decline with a net profit margin of -1.26%, indicating a loss. However, this trend reversed in subsequent quarters, showing signs of improvement.

Notably, the highest net profit margin was observed in Q2 2022 at 1.20%, followed closely by Q1 2022 at 1.63%. These quarters reflected stronger profitability for the company. Conversely, Q1 and Q2 of 2023 displayed a considerable decrease in net profit margin, reaching 0.02% and -0.09%, respectively.

These fluctuations in net profit margin suggest varying levels of efficiency in cost management and revenue generation throughout the periods under review. Further analysis of the underlying factors contributing to these fluctuations, such as operational expenses, revenue streams, and economic conditions, would provide additional insights into the company's financial performance.