STAAR Surgical Company (STAA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 21,347 | 39,665 | 24,501 | 5,913 | 14,048 |
| Revenue | US$ in thousands | 322,415 | 284,391 | 230,472 | 163,460 | 150,185 |
| Net profit margin | 6.62% | 13.95% | 10.63% | 3.62% | 9.35% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $21,347K ÷ $322,415K
= 6.62%
STAAR Surgical Company's net profit margin has fluctuated over the past five years. In 2023, the net profit margin decreased to 6.62%, down from 13.95% in 2022. This significant decline indicates a reduction in profitability relative to the previous year. The company's net profit margin was 10.63% in 2021, showing a slight decrease from the previous year.
In 2020, STAAR Surgical Company's net profit margin was 3.62%, indicating lower profitability compared to the previous years. However, the net profit margin improved to 9.35% in 2019, showing a positive trend in profitability.
Overall, STAAR Surgical Company's net profit margin performance has been mixed over the years, with fluctuations in profitability levels. It is important for the company to closely monitor and manage its expenses and revenue generation to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023