Qorvo Inc (QRVO)
Net profit margin
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | -70,322 | -211,473 | -100,466 | -9,312 | 103,152 | 453,843 | 686,037 | 816,611 | 1,033,353 | 1,119,815 | 1,104,587 | 922,315 | 733,611 | 485,264 | 445,585 | 391,706 | 334,325 | 345,452 | 253,613 | 202,659 |
| Revenue (ttm) | US$ in thousands | 3,769,502 | 3,461,217 | 3,130,638 | 3,185,208 | 3,569,404 | 4,102,861 | 4,473,540 | 4,570,730 | 4,645,720 | 4,552,290 | 4,533,160 | 4,338,200 | 4,015,301 | 3,730,343 | 3,504,586 | 3,250,994 | 3,239,141 | 3,132,251 | 3,095,508 | 3,173,253 |
| Net profit margin | -1.87% | -6.11% | -3.21% | -0.29% | 2.89% | 11.06% | 15.34% | 17.87% | 22.24% | 24.60% | 24.37% | 21.26% | 18.27% | 13.01% | 12.71% | 12.05% | 10.32% | 11.03% | 8.19% | 6.39% |
March 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-70,322K ÷ $3,769,502K
= -1.87%
The net profit margin of Qorvo Inc has fluctuated over the past several quarters, indicating changes in the company's profitability. In the most recent quarter ending March 31, 2024, the net profit margin was -1.87%, indicating that the company experienced a negative profit margin. This is a decline from the previous quarter's net profit margin of -6.11%.
Looking further back, the net profit margin was highest in the quarters ending March 31, 2022, and December 31, 2021, at 24.60% and 24.37%, respectively. This suggests that the company had strong profitability during that period.
However, there has been a downward trend in the net profit margin since then, with the margins declining consistently. The latest negative margin in the first quarter of 2024 raises concerns about the company's ability to generate profits from its operations.
Overall, the fluctuating net profit margins of Qorvo Inc indicate variability in its profitability performance, and further analysis would be needed to understand the factors contributing to these fluctuations.
Peer comparison
Mar 31, 2024