Sitime Corporation (SITM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -80,535 | 23,254 | 32,277 | -9,372 | -6,607 |
| Revenue | US$ in thousands | 143,993 | 283,605 | 218,808 | 116,156 | 84,074 |
| Net profit margin | -55.93% | 8.20% | 14.75% | -8.07% | -7.86% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-80,535K ÷ $143,993K
= -55.93%
The net profit margin of SiTime Corp has shown significant fluctuations over the past five years. In 2023, the company reported a negative net profit margin of -55.93%, indicating that the company incurred a loss relative to its revenue. This represents a sharp decline from the previous year when the net profit margin stood at 8.20%.
The year 2022 marked a notable improvement in profitability compared to 2021, with a net profit margin of 8.20%. This positive margin suggests that the company was able to generate profit after accounting for all expenses. However, the positive trend was not sustained in 2021 when the net profit margin declined to 14.75%.
The years 2020 and 2019 both saw negative net profit margins of -8.07% and -7.86% respectively, indicating losses relative to revenue. Overall, the fluctuating net profit margins of SiTime Corp suggest volatility in its profitability and performance over the analyzed period. Further analysis and consideration of factors impacting profitability are necessary to understand the company's financial health and prospects.
Peer comparison
Dec 31, 2023