ePlus inc (PLUS)
Net profit margin
| Mar 31, 2024 | Mar 31, 2023 | Mar 31, 2022 | Mar 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 115,776 | 119,356 | 105,600 | 74,397 | 69,082 |
| Revenue | US$ in thousands | 2,225,300 | 2,067,720 | 1,821,020 | 1,568,320 | 1,588,400 |
| Net profit margin | 5.20% | 5.77% | 5.80% | 4.74% | 4.35% |
March 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $115,776K ÷ $2,225,300K
= 5.20%
The net profit margin of ePlus inc has shown a fluctuating trend over the past five years. It decreased from 5.80% in March 2022 to 4.74% in March 2021, but then increased to 5.77% in March 2023, and further to 5.20% in March 2024. This indicates some volatility in the company's ability to convert revenue into profit. Despite the fluctuations, the company has generally maintained a net profit margin above 4%, which suggests a decent level of profitability. Management should continue to monitor and analyze the factors impacting the net profit margin to ensure sustainable and consistent profitability in the future.
Peer comparison
Mar 31, 2024