ON Semiconductor Corporation (ON)

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	2,183,700	2,225,300	1,954,500	1,833,700	1,902,200	1,723,800	1,721,600	1,449,900	1,009,600	672,700	523,600	338,100	234,200	201,700	-19,600	83,600	211,700	320,800	548,400	601,900
Revenue (ttm)	US$ in thousands	8,253,000	8,338,500	8,350,300	8,340,900	8,326,200	8,068,700	7,618,200	7,203,100	6,739,800	6,340,000	5,915,200	5,458,800	5,255,000	5,210,500	5,275,000	5,409,200	5,517,900	5,619,200	5,779,100	5,887,300
Net profit margin		26.46%	26.69%	23.41%	21.98%	22.85%	21.36%	22.60%	20.13%	14.98%	10.61%	8.85%	6.19%	4.46%	3.87%	-0.37%	1.55%	3.84%	5.71%	9.49%	10.22%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $2,183,700K ÷ $8,253,000K
= 26.46%

ON Semiconductor Corp.'s net profit margin has shown variability over the past eight quarters. The company's net profit margin ranged from a low of 20.13% in Q1 2022 to a high of 26.69% in Q3 2023. Generally, the net profit margin has been trending upwards, indicating an improvement in the company's ability to convert revenue into profit. This positive trend suggests that ON Semiconductor Corp. has been effectively managing its costs and expenses relative to its revenue. However, there was a slight dip in the net profit margin from Q3 2023 to Q4 2023, so monitoring future performance will be crucial to assess whether this is a temporary fluctuation or a potential cause for concern. Overall, the upward trend in net profit margin is a positive indicator of the company's financial health and efficiency in generating profits.