Microchip Technology Inc (MCHP)
Net profit margin
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,906,900 | 2,356,200 | 2,517,300 | 2,396,900 | 2,237,700 | 2,071,600 | 1,844,100 | 1,539,900 | 1,285,500 | 963,600 | 647,000 | 478,600 | 349,400 | 333,300 | 608,200 | 643,500 | 570,600 | 645,400 | 383,500 | 370,900 |
| Revenue (ttm) | US$ in thousands | 7,634,400 | 8,541,300 | 8,944,800 | 8,763,700 | 8,438,700 | 8,050,200 | 7,638,500 | 7,215,100 | 6,820,900 | 6,443,800 | 6,038,400 | 5,698,100 | 5,438,400 | 5,297,700 | 5,233,000 | 5,261,300 | 5,274,200 | 5,277,600 | 5,364,900 | 5,459,600 |
| Net profit margin | 24.98% | 27.59% | 28.14% | 27.35% | 26.52% | 25.73% | 24.14% | 21.34% | 18.85% | 14.95% | 10.71% | 8.40% | 6.42% | 6.29% | 11.62% | 12.23% | 10.82% | 12.23% | 7.15% | 6.79% |
March 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,906,900K ÷ $7,634,400K
= 24.98%
The net profit margin of Microchip Technology Inc has shown a generally increasing trend over the past few quarters. The company's net profit margin stood at 24.98% in March 2024, an improvement from 27.59% in December 2023. This indicates that the company was able to retain more of its revenue as profit in the most recent quarter.
Looking further back, the net profit margin has been on an upward trajectory since September 2021 when it was at 10.71%. This steady increase suggests that the company has been effectively managing its costs and expenses relative to its revenue, resulting in improved profitability over time.
It is noteworthy that the net profit margin reached its lowest point at 6.42% in March 2021, before rebounding and consistently climbing thereafter. This indicates that the company has made significant improvements in its operational efficiency and cost controls, resulting in higher profitability for shareholders.
Overall, the increasing trend in Microchip Technology Inc's net profit margin reflects a positive sign of financial health and efficient management of resources, which bodes well for the company's future performance and potential for continued growth.
Peer comparison
Mar 31, 2024