Leslies Inc (LESL)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | ||
|---|---|---|---|---|
| Net income | US$ in thousands | 27,242 | 159,029 | 126,634 |
| Revenue | US$ in thousands | 1,385,770 | 1,531,880 | 1,299,340 |
| Net profit margin | 1.97% | 10.38% | 9.75% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $27,242K ÷ $1,385,770K
= 1.97%
The net profit margin of Leslies Inc has experienced a decline over the three most recent years. In September 2021, the net profit margin stood at 9.75%, indicating that for every dollar of revenue generated, the company retained approximately $0.0975 as profit after accounting for all expenses. This percentage declined to 10.38% in September 2022, showing a slight improvement in profitability. However, in September 2023, the net profit margin dropped significantly to 1.97%, reflecting a substantial decrease in profitability compared to the previous year. This decline in the net profit margin suggests that Leslies Inc may be facing challenges in managing its expenses or generating sufficient revenue to maintain profitability levels. Further analysis of the company's cost structure and revenue streams may be warranted to address this decline in profitability.
Peer comparison
Sep 30, 2023