Par Pacific Holdings Inc (PARR)

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	728,642	524,037	620,018	739,130	364,189	287,556	101,962	-156,121	-81,297	-221,301	-317,374	-248,976	-409,086	-241,729	-311,349	-242,620	40,809	19,256	97,325	85,334
Revenue (ttm)	US$ in thousands	8,174,420	7,803,130	7,283,650	7,602,180	7,263,690	6,745,960	5,998,020	5,106,960	4,643,589	4,081,364	3,458,832	2,757,379	3,072,260	3,755,885	4,466,717	5,356,960	5,344,170	4,824,152	4,340,218	3,796,940
Net profit margin		8.91%	6.72%	8.51%	9.72%	5.01%	4.26%	1.70%	-3.06%	-1.75%	-5.42%	-9.18%	-9.03%	-13.32%	-6.44%	-6.97%	-4.53%	0.76%	0.40%	2.24%	2.25%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $728,642K ÷ $8,174,420K
= 8.91%

The net profit margin of Par Pacific Holdings Inc has shown fluctuations over the past eight quarters. In Q4 2023, the net profit margin stood at 8.85%, representing a slight increase from the previous quarter's 6.67%. This improvement indicates the company's ability to generate profits relative to its revenue.

Comparing the current net profit margin to previous quarters, it is evident that Par Pacific Holdings Inc has achieved stronger profitability in Q4 2023 than in the same quarter of the previous year, where the net profit margin was 4.97%. This upward trend indicates positive developments in the company's financial performance.

Interestingly, the company's performance in Q1 2022 witnessed a negative net profit margin of -3.02%, signaling financial challenges during that period. However, Par Pacific Holdings Inc has made significant improvements since then, with consecutive quarters of positive net profit margins.

Overall, the trend in the net profit margin of Par Pacific Holdings Inc suggests an enhancement in profitability and operational efficiency, reflecting positively on the company's financial performance in recent quarters.