SJW Corporation (SJW)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 84,987 | 73,828 | 60,478 | 61,515 | 23,403 |
| Revenue | US$ in thousands | 670,363 | 620,698 | 573,686 | 564,526 | 420,482 |
| Net profit margin | 12.68% | 11.89% | 10.54% | 10.90% | 5.57% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $84,987K ÷ $670,363K
= 12.68%
The net profit margin of SJW Group has shown a generally positive trend over the past five years, indicating an improvement in the company's profitability. Starting at 5.57% in 2019, the net profit margin has consistently increased to reach 12.68% by the end of 2023. This signifies that SJW Group has been able to effectively control its costs and expenses relative to its revenue, resulting in a higher proportion of net income generated from its operations. The rising trend in net profit margin suggests that the company has been successful in managing its operations efficiently, which is a positive indicator for investors and stakeholders.
Peer comparison
Dec 31, 2023