Myers Industries Inc (MYE)

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	48,867	49,756	50,680	55,906	60,267	54,094	48,326	43,570	33,538	29,273	30,055	27,348	36,769	39,517	36,051	34,289	24,333	20,933	-5,425	-3,423
Revenue (ttm)	US$ in thousands	813,105	834,363	864,613	889,454	899,773	887,215	859,353	814,341	762,817	700,469	632,519	562,548	510,376	489,727	482,938	498,884	515,785	537,355	546,887	553,041
Net profit margin		6.01%	5.96%	5.86%	6.29%	6.70%	6.10%	5.62%	5.35%	4.40%	4.18%	4.75%	4.86%	7.20%	8.07%	7.46%	6.87%	4.72%	3.90%	-0.99%	-0.62%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $48,867K ÷ $813,105K
= 6.01%

Myers Industries Inc.'s net profit margin has shown fluctuations over the past eight quarters. The Q4 2022 net profit margin was higher at 6.70% compared to Q1 2022 at 5.36%. However, in the most recent quarter, Q4 2023, the net profit margin decreased to 6.01% from the previous quarter's value of 5.96% in Q3 2023. Despite this slight decline in Q4 2023, the net profit margin has generally been within a relatively narrow range between 5.36% and 6.70% over the last two years, reflecting consistent profitability. It would be beneficial to further analyze the company's expenses and revenue trends to understand the factors driving the fluctuations in the net profit margin.