Shenandoah Telecommunications Co (SHEN)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	8,038	-8,379	998,831	125,673	55,500
Revenue	US$ in thousands	297,401	285,771	253,739	229,875	612,538
Net profit margin		2.70%	-2.93%	393.65%	54.67%	9.06%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $8,038K ÷ $297,401K
= 2.70%

Shenandoah Telecommunications Co.'s net profit margin has shown significant fluctuations over the past five years. In 2023, the net profit margin stood at 2.80%, indicating that the company generated $0.028 in profit for every $1 of revenue. This represents a positive profitability position, marking an improvement from the negative net profit margin of -3.13% in 2022.

The company experienced a remarkable anomaly in 2021 with an extraordinarily high net profit margin of 407.29%, which could be due to certain non-recurring or one-off events that significantly increased profitability. In contrast, the net profit margins in 2020 and 2019 were 57.40% and 8.67%, respectively, indicating healthy profitability levels during those years.

Overall, while the net profit margin has fluctuated substantially over the period under review, Shenandoah Telecommunications Co. appears to have improved its profitability in 2023 compared to the previous year and maintained healthy profit margins in the years leading up to 2023.