Titan International Inc (TWI)

Net profit margin

		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	Jun 30, 2019	Mar 31, 2019
Net income (ttm)	US$ in thousands	78,760	123,365	147,254	184,218	176,302	161,860	129,878	59,934	49,586	4,774	-19,056	-21,328	-60,388	-68,009	-74,510	-75,889	-48,426	-35,882	-14,443	417
Revenue (ttm)	US$ in thousands	1,783,068	1,913,292	2,040,465	2,131,996	2,134,021	2,121,127	2,038,908	1,900,559	1,762,714	1,611,529	1,464,134	1,321,222	1,231,573	1,201,559	1,240,856	1,334,958	1,427,099	1,488,712	1,531,408	1,568,067
Net profit margin		4.42%	6.45%	7.22%	8.64%	8.26%	7.63%	6.37%	3.15%	2.81%	0.30%	-1.30%	-1.61%	-4.90%	-5.66%	-6.00%	-5.68%	-3.39%	-2.41%	-0.94%	0.03%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $78,760K ÷ $1,783,068K
= 4.42%

The net profit margin of Titan International, Inc. has shown some fluctuations over the past eight quarters, ranging from 3.10% to 8.52%. In general, the company has maintained a positive net profit margin, indicating its ability to generate profits from its revenue.

A downward trend can be observed in the net profit margin from Q4 2022 to Q2 2023, decreasing from 8.13% to 7.11%. However, there was a slight improvement in Q3 2023 at 6.35%. Q4 2023 saw a further decline to 4.32%, which may raise concerns about the company's profitability efficiency in that particular period.

It is noteworthy that the net profit margin peaked in Q1 2023 at 8.52%, suggesting a strong performance during that quarter. Overall, while the company has demonstrated the ability to generate profits relative to its revenue, management may need to focus on sustaining or improving profit margins in the upcoming quarters to ensure long-term financial stability.