SJW Corporation (SJW)

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	84,987	99,537	88,349	81,621	73,828	58,348	52,382	61,599	60,478	55,743	62,768	61,714	61,515	42,745	26,130	19,947	23,403	37,712	44,022	43,355
Revenue (ttm)	US$ in thousands	670,363	670,399	641,537	633,692	620,698	589,061	580,003	583,203	573,686	569,649	568,589	563,557	564,526	554,664	502,798	458,554	420,482	393,362	404,218	400,339
Net profit margin		12.68%	14.85%	13.77%	12.88%	11.89%	9.91%	9.03%	10.56%	10.54%	9.79%	11.04%	10.95%	10.90%	7.71%	5.20%	4.35%	5.57%	9.59%	10.89%	10.83%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $84,987K ÷ $670,363K
= 12.68%

To analyze SJW Group's net profit margin, we observe a fluctuating trend over the past eight quarters. The net profit margin has generally been increasing, indicating that the company is improving its ability to generate profits from its operations. The highest net profit margin was recorded in Q3 2023 at 14.85%, while the lowest was in Q2 2022 at 9.03%.

Overall, SJW Group has shown a steady improvement in its net profit margin over the quarters, with positive growth in profitability. This trend suggests efficient cost management and potentially increasing revenues. The company's ability to maintain and increase its net profit margin is a positive indicator of its financial performance and operational efficiency.