Patrick Industries Inc (PATK)

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	142,897	152,260	171,529	245,696	328,196	349,036	347,614	290,075	224,915	201,719	181,658	123,387	97,061	79,221	63,202	89,904	89,566	96,552	103,169	110,613
Revenue (ttm)	US$ in thousands	3,467,453	3,638,773	3,884,790	4,439,795	4,886,925	5,082,490	5,030,580	4,574,840	4,076,324	3,701,457	3,341,984	2,746,079	2,484,874	2,261,721	2,127,200	2,316,373	2,335,411	2,317,162	2,326,115	2,317,776
Net profit margin		4.12%	4.18%	4.42%	5.53%	6.72%	6.87%	6.91%	6.34%	5.52%	5.45%	5.44%	4.49%	3.91%	3.50%	2.97%	3.88%	3.84%	4.17%	4.44%	4.77%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $142,897K ÷ $3,467,453K
= 4.12%

The net profit margin of Patrick Industries, Inc. has seen a declining trend over the last eight quarters, indicating a decrease in the company's profitability relative to its revenue. The margin was highest in Q1 2022 at 6.92% but has steadily decreased since then, reaching its lowest point in Q4 2023 at 4.12%. This decline may suggest challenges in cost management, pricing strategies, or operational efficiency, impacting the company's ability to convert sales into profit. Further analysis is recommended to identify the specific factors contributing to this trend and to determine appropriate strategies for improvement.