Mesa Laboratories Inc (MLAB)
Net profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -254,246 | 930 | 1,871 | 3,274 | 1,349 |
| Revenue | US$ in thousands | 216,187 | 219,080 | 184,335 | 133,937 | 117,687 |
| Net profit margin | -117.60% | 0.42% | 1.01% | 2.44% | 1.15% |
March 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $-254,246K ÷ $216,187K
= -117.60%
Mesa Laboratories Inc's net profit margin has shown a declining trend over the past five years, ranging from 2.44% in March 2021 to -117.60% in March 2024. The negative net profit margin in March 2024 indicates that the company's expenses exceeded its revenues, resulting in a loss rather than profit. This significant decline raises concerns about the company's profitability and cost management efficiency. It is essential for Mesa Laboratories Inc to closely monitor and address the factors contributing to this negative performance to improve its financial health and restore profitability.
Peer comparison
Mar 31, 2024