Resideo Technologies Inc (REZI)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 210,000 | 167,000 | 209,000 | 253,000 | 283,000 | 311,000 | 316,000 | 280,000 | 242,000 | 234,000 | 241,000 | 107,000 | 37,000 | -31,000 | -98,000 | -33,000 | 36,000 | 61,000 | 364,000 |
| Revenue (ttm) | US$ in thousands | 6,194,000 | 6,209,000 | 6,274,000 | 6,362,000 | 6,308,000 | 6,221,000 | 6,083,000 | 5,875,000 | 5,786,000 | 5,837,000 | 5,720,000 | 5,284,000 | 5,057,000 | 4,860,000 | 4,722,000 | 4,917,000 | 4,937,000 | 4,899,000 | 4,889,000 |
| Net profit margin | 3.39% | 2.69% | 3.33% | 3.98% | 4.49% | 5.00% | 5.19% | 4.77% | 4.18% | 4.01% | 4.21% | 2.02% | 0.73% | -0.64% | -2.08% | -0.67% | 0.73% | 1.25% | 7.45% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $210,000K ÷ $6,194,000K
= 3.39%
The net profit margin of Resideo Technologies Inc has been fluctuating over the past eight quarters. The company's net profit margin ranged from 2.67% to 5.14% during this period.
In Q4 2022, the net profit margin was at its highest at 5.14%, slightly decreasing to 4.96% in Q3 2022. The margin further declined to 4.72% in Q2 2022 and continued to decrease to 4.44% in Q1 2023.
However, there was a slight improvement in Q2 2023 when the net profit margin increased to 3.30%. This was followed by a further rise to 3.95% in Q1 2023.
In the most recent quarter, Q4 2023, the net profit margin was at 3.36%. Despite the fluctuations, Resideo Technologies Inc has maintained a positive net profit margin throughout the periods analyzed, indicating the company's ability to generate profits after all expenses have been deducted.
Overall, the trend in net profit margin suggests some variability in the company's profitability over the quarters, possibly influenced by factors such as changes in revenue, operating expenses, and cost management strategies.