Sanmina Corporation (SANM)

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	Mar 31, 2019
Net income (ttm)	US$ in thousands	275,024	309,970	306,493	307,221	276,221	242,841	240,402	279,375	258,622	249,546	245,227	173,912	150,926	139,713	107,864	105,905	141,908	141,515	122,540	113,582
Revenue (ttm)	US$ in thousands	8,427,300	8,913,590	9,094,690	8,915,390	8,514,240	7,922,760	7,348,510	6,984,030	6,759,880	6,753,930	6,978,280	6,979,700	6,875,450	6,960,370	6,977,620	7,349,930	7,886,020	8,233,870	8,218,000	8,004,370
Net profit margin		3.26%	3.48%	3.37%	3.45%	3.24%	3.07%	3.27%	4.00%	3.83%	3.69%	3.51%	2.49%	2.20%	2.01%	1.55%	1.44%	1.80%	1.72%	1.49%	1.42%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $275,024K ÷ $8,427,300K
= 3.26%

The net profit margin of Sanmina Corporation has shown fluctuation over the past few quarters, ranging from a low of 1.42% in March 2019 to a high of 4.00% in March 2022. The margin measures the company's profitability by indicating the percentage of revenue that translates into net income after all expenses are deducted. The trend indicates that the company has managed to maintain a positive net profit margin, with improvements seen in recent quarters compared to earlier periods. However, the margin has not been consistently increasing, suggesting some variability in the company's profitability over time. Further analysis of the underlying factors driving these fluctuations would help assess the sustainability of these profitability levels.