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 | ||
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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.
Peer comparison
Dec 31, 2023