Simulations Plus Inc (SLP)

Net profit margin

		Aug 31, 2024	Aug 31, 2023	Aug 31, 2022	Aug 31, 2021	Aug 31, 2020
Net income	US$ in thousands	9,954	9,961	12,483	9,782	9,332
Revenue	US$ in thousands	74,774	59,577	53,906	46,466	41,589
Net profit margin		13.31%	16.72%	23.16%	21.05%	22.44%

August 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $9,954K ÷ $74,774K
= 13.31%

The net profit margin of Simulations Plus Inc has shown a decreasing trend over the past five years. The net profit margin decreased from 22.44% in August 2020 to 13.31% in August 2024. This indicates that the company's profitability in relation to its revenue has declined over the period. Factors such as increasing costs, pricing pressures, or changes in revenue mix may have contributed to this trend. The company may need to focus on cost control measures or revenue enhancement strategies to improve its profitability in the future.