MGP Ingredients Inc (MGPI)

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	107,475	99,065	109,662	103,096	109,462	118,674	118,742	113,317	91,307	71,070	57,575	45,930	40,345	41,660	39,494	38,915	38,793	37,668	38,461	38,077
Revenue (ttm)	US$ in thousands	829,876	812,630	802,152	788,133	782,358	758,210	733,675	713,632	626,720	560,788	486,732	404,055	394,172	385,352	373,217	371,159	361,563	374,318	378,595	376,354
Net profit margin		12.95%	12.19%	13.67%	13.08%	13.99%	15.65%	16.18%	15.88%	14.57%	12.67%	11.83%	11.37%	10.24%	10.81%	10.58%	10.48%	10.73%	10.06%	10.16%	10.12%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $107,475K ÷ $829,876K
= 12.95%

The net profit margin of MGP Ingredients, Inc. has shown some fluctuations over the past eight quarters. The company's net profit margin ranged from a low of 12.08% in Q3 2023 to a high of 16.05% in Q2 2022. Despite these fluctuations, the company has generally maintained a healthy level of profitability, with all quarters showing net profit margins above 12%.

The downward trend from Q2 2022 to Q3 2023 indicates a slight decline in profitability, possibly due to various factors such as increased costs or decreased revenues during these periods. However, the net profit margins have still remained relatively stable within the 12-16% range, demonstrating consistent profitability.

Overall, MGP Ingredients, Inc.'s net profit margin analysis suggests that the company has been able to effectively manage its costs and generate profits from its operations. Investors and stakeholders may view the company's ability to maintain a double-digit net profit margin as a positive indicator of its financial health and operational efficiency.