SkyWest Inc (SKYW)

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	34,342	-30,278	-5,384	33,148	72,953	124,389	85,701	93,744	111,910	79,909	103,887	16,178	10,266	163,240	220,917	334,684	392,877	389,074	380,781	368,588
Revenue (ttm)	US$ in thousands	2,890,358	2,814,694	2,837,558	2,914,438	2,963,235	3,042,161	3,003,665	2,857,719	2,652,287	2,485,562	2,186,191	1,875,348	2,067,711	2,238,559	2,531,539	2,912,994	2,971,964	3,101,452	3,170,241	3,235,332
Net profit margin		1.19%	-1.08%	-0.19%	1.14%	2.46%	4.09%	2.85%	3.28%	4.22%	3.21%	4.75%	0.86%	0.50%	7.29%	8.73%	11.49%	13.22%	12.54%	12.01%	11.39%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $34,342K ÷ $2,890,358K
= 1.19%

Based on the provided data, the net profit margin of Skywest Inc. has been fluctuating over the past eight quarters. In Q2 2023 and Q3 2023, the company experienced negative net profit margins of -0.19% and -1.06%, respectively, indicating that the company's expenses exceeded its revenue during those periods.

However, in the other quarters, including Q1 2023, Skywest Inc. managed to achieve positive net profit margins, with Q4 2022 showing the highest net profit margin of 2.43%. The declining trend in net profit margins from Q4 2022 to Q2 2023 may raise concerns about the company's profitability and its ability to generate earnings relative to its revenue.

Overall, it is important for Skywest Inc. to closely monitor and manage its expenses to improve its net profit margin and sustain a healthy level of profitability in the future.