Manhattan Associates Inc (MANH)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	176,568	128,959	110,472	87,240	85,762
Revenue	US$ in thousands	932,692	769,284	664,197	585,552	619,801
Net profit margin		18.93%	16.76%	16.63%	14.90%	13.84%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $176,568K ÷ $932,692K
= 18.93%

Manhattan Associates, Inc.'s net profit margin has shown a positive trend over the past five years. The company's net profit margin has been consistently improving, with a significant increase from 13.88% in 2019 to 19.01% in 2023. This indicates that Manhattan Associates has been able to effectively control its expenses while increasing its profitability.

The rising trend in net profit margin signifies that the company is efficiently managing its costs and generating higher profits from its operations. This improvement in profitability can be attributed to factors such as revenue growth, cost-cutting measures, operational efficiencies, and effective management of resources. It reflects positively on Manhattan Associates' financial performance and overall business strategy.

Overall, the increasing net profit margin of Manhattan Associates, Inc. is a favorable indicator of the company's financial health and operational effectiveness.