Synaptics Incorporated (SYNA)

Net profit margin

		Jun 30, 2024	Mar 31, 2024	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
Net income (ttm)	US$ in thousands	125,600	-106,100	-77,600	-46,600	73,600	179,900	234,400	281,900	257,500	193,600	142,500	122,600	79,600	150,600	141,800	112,000	118,800	-17,400	-15,700	-22,700
Revenue (ttm)	US$ in thousands	894,300	872,400	962,300	1,082,700	1,299,300	1,559,400	1,709,700	1,780,700	1,705,000	1,548,600	1,408,800	1,350,000	1,311,600	1,386,300	1,388,600	1,419,300	1,430,800	1,330,700	1,336,600	1,373,800
Net profit margin		14.04%	-12.16%	-8.06%	-4.30%	5.66%	11.54%	13.71%	15.83%	15.10%	12.50%	10.11%	9.08%	6.07%	10.86%	10.21%	7.89%	8.30%	-1.31%	-1.17%	-1.65%

June 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $125,600K ÷ $894,300K
= 14.04%

The net profit margin of Synaptics Incorporated has displayed significant fluctuations over the past few quarters. It stood at 14.04% in June 2024, showing a strong profitability level. However, in the previous quarter (March 2024), the company reported a negative net profit margin of -12.16%, indicating a loss was incurred during that period.

Looking back further, the net profit margin was also negative in December 2023 (-8.06%) and September 2023 (-4.30%), suggesting continued challenges in maintaining profitability during those months. On a positive note, the company achieved a healthy net profit margin of 13.71% in December 2022 and 15.83% in September 2022, reflecting robust profitability levels.

Overall, fluctuations in Synaptics' net profit margin indicate varying levels of profitability and financial performance over the analyzed period. It is essential for the company to closely monitor and manage its costs, revenues, and overall financial health to ensure sustained profitability in the future.