Rush Enterprises A Inc (RUSHA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	347,055	391,382	241,415	114,887	141,583
Revenue	US$ in thousands	7,925,020	7,101,670	5,126,140	4,735,940	5,809,850
Net profit margin		4.38%	5.51%	4.71%	2.43%	2.44%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $347,055K ÷ $7,925,020K
= 4.38%

The net profit margin of Rush Enterprises A Inc has shown fluctuating trends over the past five years. In 2023, the net profit margin decreased to 4.38% from 5.51% in 2022, representing a decrease in profitability. However, despite this decline, the margin in 2023 was still higher than in 2021 when it stood at 4.71%. Looking back further, there was a significant jump in profitability in 2020 compared to 2019, where the net profit margin increased from 2.44% to 2.43%. This highlights the company's ability to improve its profitability in 2020 even though it saw a slight decline in 2023. The variations in the net profit margin indicate changes in the company's ability to generate profits relative to its revenue over the years.