Synopsys Inc (SNPS)

Net profit margin

		Jan 31, 2024	Oct 31, 2023	Jul 31, 2023	Apr 30, 2023	Jan 31, 2023	Oct 31, 2022	Jul 31, 2022	Apr 30, 2022	Jan 31, 2022	Oct 31, 2021	Jul 31, 2021	Apr 30, 2021	Jan 31, 2021	Oct 31, 2020	Jul 31, 2020	Apr 30, 2020	Jan 31, 2020	Oct 31, 2019	Jul 31, 2019	Apr 30, 2019
Net income (ttm)	US$ in thousands	1,407,464	1,229,888	1,034,198	920,572	942,443	984,594	1,032,541	1,008,561	908,858	757,516	753,524	807,789	722,631	664,347	627,606	474,624	482,914	532,367	625,981	605,461
Revenue (ttm)	US$ in thousands	6,130,510	5,842,620	5,527,780	5,288,260	5,172,630	5,081,550	4,949,680	4,759,040	4,504,130	4,204,191	4,077,211	3,984,215	3,821,222	3,685,282	3,510,923	3,399,759	3,374,674	3,360,694	3,304,695	3,231,439
Net profit margin		22.96%	21.05%	18.71%	17.41%	18.22%	19.38%	20.86%	21.19%	20.18%	18.02%	18.48%	20.27%	18.91%	18.03%	17.88%	13.96%	14.31%	15.84%	18.94%	18.74%

January 31, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,407,464K ÷ $6,130,510K
= 22.96%

The net profit margin of Synopsys, Inc. has displayed a generally positive trend over the past eight quarters. It increased from 18.22% in Q1 2023 to 22.96% in Q1 2024, indicating the company's ability to generate more profit from its revenue. Although there was a slight dip to 17.41% in Q2 2023, the margin consistently remained above 20% in the following quarters.

The highest net profit margin was recorded in Q1 2024 at 22.96%, suggesting that the company was able to efficiently convert its revenue into profit during this period. Conversely, the lowest net profit margin was observed in Q2 2023 at 17.41%, which may indicate temporary challenges in cost management or lower revenue generation efficiency.

Overall, the upward trend in net profit margin reflects Synopsys, Inc.'s strong financial performance and effective cost control measures during the analyzed period. Investors and stakeholders may view the increasing net profit margin positively as it signifies the company's ability to improve profitability over time.