Bio-Techne Corp (TECH)

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	168,105	203,001	224,160	246,700	285,262	271,302	261,823	291,991	272,051	225,487	210,530	176,631	140,411	184,298	174,948	248,296	229,299	186,911	195,133	93,067
Revenue (ttm)	US$ in thousands	1,159,360	1,137,352	1,130,708	1,131,664	1,137,169	1,125,274	1,120,378	1,117,527	1,094,290	1,064,304	1,017,313	971,607	917,080	837,177	786,479	745,873	724,111	739,941	729,495	718,184
Net profit margin		14.50%	17.85%	19.82%	21.80%	25.09%	24.11%	23.37%	26.13%	24.86%	21.19%	20.69%	18.18%	15.31%	22.01%	22.24%	33.29%	31.67%	25.26%	26.75%	12.96%

June 30, 2024 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $168,105K ÷ $1,159,360K
= 14.50%

The net profit margin of Bio-Techne Corp has exhibited some fluctuations over the analyzed periods. In general, the company's net profit margin has shown a decreasing trend from the highest point of 33.29% in Sep 30, 2020, to the lowest point of 12.96% in Dec 31, 2019. However, there have been periods of improvement, with the net profit margin experiencing peaks at 25.09% in Jun 30, 2023, and 26.13% in Sep 30, 2022.

The average net profit margin over the analyzed periods is approximately 21.67%, with the most recent figure standing at 14.50% as of Jun 30, 2024. This suggests that the company's profitability has slightly decreased in the most recent period compared to the historical average.

It is important for stakeholders to monitor the factors influencing Bio-Techne Corp's net profit margin, such as operating expenses, pricing strategies, and revenue trends, to understand the changes in profitability and make informed decisions regarding the company's financial performance.