NewJersey Resources Corporation (NJR)

Net profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	289,775	235,673	248,779	238,214	264,724	282,222	293,743	279,531	274,922	219,267	94,383	148,157	117,890	162,295	254,828	178,865	173,572	148,386	159,282	159,009
Revenue (ttm)	US$ in thousands	2,294,073	2,234,507	2,186,229	2,192,587	2,674,367	3,468,262	4,014,136	4,540,009	4,515,989	4,164,967	3,884,509	3,766,679	3,389,416	3,981,548	3,708,295	3,052,065	2,991,428	1,955,697	2,090,606	2,344,402
Net profit margin		12.63%	10.55%	11.38%	10.86%	9.90%	8.14%	7.32%	6.16%	6.09%	5.26%	2.43%	3.93%	3.48%	4.08%	6.87%	5.86%	5.80%	7.59%	7.62%	6.78%

September 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $289,775K ÷ $2,294,073K
= 12.63%

The net profit margin of NewJersey Resources Corporation has shown fluctuation over the past several quarters.

In the most recent quarter, ending Sep 30, 2024, the net profit margin was 12.63%, which indicates that the company generated $0.1263 in profits for every dollar of revenue. This represents an improvement from the previous quarter's net profit margin of 10.55% as of Jun 30, 2024.

The trend in net profit margin over the past few quarters has been positive, with the company consistently improving its profitability ratios. This indicates that the company has been effectively managing its expenses and generating stronger returns on its sales.

Overall, the increasing trend in net profit margin is a positive sign for NewJersey Resources Corporation, reflecting its ability to generate higher profits relative to its revenue. However, it is important to continue monitoring this ratio in future quarters to assess the company's financial performance and profitability sustainability.