Sitime Corporation (SITM)

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
Net income (ttm)	US$ in thousands	-80,535	-62,065	-38,157	624	23,254	44,641	52,818	41,982	32,277	14,409	-218	-7,844	-9,372	-10,730
Revenue (ttm)	US$ in thousands	143,994	162,430	200,005	251,695	283,605	298,507	288,441	253,519	218,808	183,341	152,979	129,956	116,156	103,971
Net profit margin		-55.93%	-38.21%	-19.08%	0.25%	8.20%	14.95%	18.31%	16.56%	14.75%	7.86%	-0.14%	-6.04%	-8.07%	-10.32%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $-80,535K ÷ $143,994K
= -55.93%

The net profit margin of SiTime Corp has been fluctuating over the past eight quarters. In Q4 2023, the net profit margin was -55.93%, indicating that the company's net profit was significantly lower than its total revenue for that period. This suggests that the company incurred substantial expenses relative to its revenue in that quarter.

Comparatively, in Q3 2023 and Q2 2023, the net profit margins were -38.21% and -19.08% respectively, indicating continued losses for the company. However, there was a slight improvement in Q1 2023, with a net profit margin of 0.25%, indicating a small profit relative to revenue.

In the preceding quarters of 2022, the company had positive net profit margins, with Q4 2022 at 8.20%, Q3 2022 at 14.95%, Q2 2022 at 18.31%, and Q1 2022 at 16.56%. This trend suggests that the company was more profitable in 2022 compared to 2023.

Overall, the decreasing trend in net profit margins from 2022 to 2023 is a cause for concern as it indicates a decline in the company's profitability and operational efficiency. Further analysis of the company's financial performance and cost structure would be necessary to understand the factors driving these changes in net profit margins.