Ingevity Corp (NGVT)

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	-5,400	127,000	177,200	201,500	211,600	225,300	145,700	130,200	118,100	134,800	208,900	184,800	181,400	179,700	169,700	206,300	183,700	181,500	171,100	161,000
Revenue (ttm)	US$ in thousands	1,595,100	1,639,900	1,675,900	1,614,000	1,604,200	1,566,500	1,461,300	1,399,800	1,337,300	1,381,100	1,336,000	1,248,200	1,215,700	1,193,500	1,220,200	1,300,800	1,289,800	1,265,000	1,217,800	1,483,800
Net profit margin		-0.34%	7.74%	10.57%	12.48%	13.19%	14.38%	9.97%	9.30%	8.83%	9.76%	15.64%	14.81%	14.92%	15.06%	13.91%	15.86%	14.24%	14.35%	14.05%	10.85%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-5,400K ÷ $1,595,100K
= -0.34%

The net profit margin of Ingevity Corp has experienced fluctuations over the past eight quarters. In Q4 2023, the company reported a negative net profit margin of -0.32%, indicating that the company's expenses exceeded its revenue during that period. This is a significant decline from the previous quarter's net profit margin of 7.45% in Q3 2023.

Looking further back, the net profit margin had been relatively stable around the 10-13% range in the earlier quarters of 2022 and 2023, showing healthy profitability levels. However, there was a noticeable decrease in profitability from Q2 2023 to Q4 2023.

The declining trend in net profit margin from the previous quarter and the negative margin in Q4 2023 could raise concerns about the company's ability to effectively manage its expenses and generate profit from its operations. Further analysis of the company's cost structure and revenue sources would be necessary to understand the factors contributing to these fluctuations in the net profit margin.