Qorvo Inc (QRVO)

Net profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Net income	US$ in thousands	-70,322	103,152	1,033,350	733,611	334,325
Revenue	US$ in thousands	3,769,510	3,569,400	4,645,710	4,015,310	3,239,140
Net profit margin		-1.87%	2.89%	22.24%	18.27%	10.32%

March 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $-70,322K ÷ $3,769,510K
= -1.87%

The net profit margin of Qorvo Inc has shown a fluctuating trend over the past five years. It began at 10.32% in March 2020, increasing to 18.27% in March 2021, and then sharply rising to 22.24% in March 2022. However, the net profit margin experienced a significant decline in the following years, dropping to 2.89% in March 2023 and further decreasing to -1.87% in March 2024.

The negative net profit margin in March 2024 indicates that Qorvo Inc incurred more expenses than the revenue generated during that period, resulting in a loss. This fluctuation in net profit margin suggests potential challenges in managing costs and maintaining profitability for Qorvo Inc. It would be essential for the company to closely monitor its expenses and revenue generation strategies to improve its financial performance and sustain profitability in the future.