Neogen Corporation (NEOG)
Net profit margin
| Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,566 | 11,778 | -26,576 | -22,870 | -13,483 | -16,230 | 36,439 | 48,307 | 49,108 | 57,042 | 62,099 | 60,882 | 61,469 | 60,292 | 60,683 | 59,475 | 58,943 | 59,816 | 59,591 | 60,176 |
| Revenue (ttm) | US$ in thousands | 1,817,638 | 1,800,899 | 1,778,001 | 1,592,370 | 1,401,365 | 1,227,465 | 1,062,406 | 1,054,318 | 901,557 | 761,778 | 730,744 | 692,784 | 674,433 | 757,462 | 743,068 | 727,266 | 727,954 | 723,616 | 722,206 | 718,610 |
| Net profit margin | 0.09% | 0.65% | -1.49% | -1.44% | -0.96% | -1.32% | 3.43% | 4.58% | 5.45% | 7.49% | 8.50% | 8.79% | 9.11% | 7.96% | 8.17% | 8.18% | 8.10% | 8.27% | 8.25% | 8.37% |
February 29, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,566K ÷ $1,817,638K
= 0.09%
Net profit margin, a key profitability metric, represents the percentage of revenue that translates into profit after all expenses are deducted. Neogen Corporation's net profit margin has displayed fluctuation over the past few quarters, as indicated by the data provided.
Historically, the company experienced a positive trend in net profit margin from the fourth quarter of 2019 to the second quarter of 2021, reaching levels above 8%. However, the margin declined in subsequent quarters, reaching negative territory in the third and fourth quarters of 2023. This suggests that Neogen Corporation faced challenges in controlling costs and generating sufficient profits relative to its revenue during these periods.
It is essential for the company to closely monitor and manage its expenses and revenue generation strategies to improve and sustain a healthy net profit margin. Furthermore, a comprehensive analysis of the underlying factors contributing to the fluctuations in net profit margin will be crucial for Neogen Corporation to implement effective financial management strategies and drive long-term profitability.
Peer comparison
Feb 29, 2024