NewJersey Resources Corporation (NJR)

Net profit margin

		Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020	Sep 30, 2019
Net income	US$ in thousands	264,724	274,922	117,890	163,007	123,935
Revenue	US$ in thousands	2,674,370	4,515,980	3,389,420	2,991,430	2,543,480
Net profit margin		9.90%	6.09%	3.48%	5.45%	4.87%

September 30, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $264,724K ÷ $2,674,370K
= 9.90%

The net profit margin of New Jersey Resources Corporation has shown a positive trend over the past five years, indicating the company's ability to effectively convert its revenue into profit. In the fiscal year ending September 30, 2023, the net profit margin reached 13.49%, representing a notable increase from 9.46% in 2022 and a substantial improvement from 5.47% in 2021. This signifies a strengthening profitability position and efficient cost management by the company.

The consistent upward trajectory in net profit margin reflects enhanced operational performance and effective management of expenses relative to revenue. It suggests that the company has been able to generate a higher proportion of profit from its business activities in recent years, which is indicative of improved overall financial efficiency.

Overall, the positive trend in the net profit margin of New Jersey Resources Corporation indicates an improving bottom-line performance and a potentially favorable outlook for the company's profitability.