NewJersey Resources Corporation (NJR)

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	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	169,505	135,164	129,292
Revenue (ttm)	US$ in thousands	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	2,542,837	2,721,864	2,844,092
Net profit margin		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%	6.67%	4.97%	4.55%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $238,214K ÷ $2,192,587K
= 10.86%

New Jersey Resources Corporation has shown a consistent improvement in its net profit margin over the past quarters. The net profit margin has gradually increased from 8.20% in Q2 2022 to 13.96% in Q1 2024, indicating a positive trend in the company's profitability and efficiency in managing costs.

This sustained growth in net profit margin reflects the company's ability to generate more profit from its revenue over time. The significant increase from 3.79% in Q2 2022 to 13.96% in Q1 2024 demonstrates a strong performance in controlling expenses and enhancing revenue streams.

Overall, the consistent improvement in the net profit margin is a positive indicator of New Jersey Resources Corporation's financial health and operational effectiveness. It suggests that the company is efficiently converting revenue into profit and has been successful in optimizing its cost structure to drive improved profitability.