Ultra Clean Holdings Inc (UCTT)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-31,100	40,400	119,500	77,600	-9,400
Revenue	US$ in thousands	1,734,500	2,374,300	2,101,600	1,398,600	1,066,200
Net profit margin		-1.79%	1.70%	5.69%	5.55%	-0.88%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-31,100K ÷ $1,734,500K
= -1.79%

The net profit margin of Ultra Clean Holdings Inc has shown variations over the past five years. In 2023, the company reported a negative net profit margin of -1.79%, indicating that the company's expenses exceeded its revenues, resulting in a net loss. This is a significant drop from the previous year when the net profit margin was 1.70%, indicating a decline in profitability.

In 2021, the net profit margin improved to 5.69%, reflecting a strong performance as the company generated 5.69 cents in profit for every dollar of revenue. Similarly, in 2020, the net profit margin was 5.55%, showing consistency in profitability levels.

However, in 2019, Ultra Clean Holdings Inc experienced a negative net profit margin of -0.88%, suggesting that the company faced challenges in maintaining profitability during that year.

Overall, the fluctuating trend in the net profit margin of Ultra Clean Holdings Inc highlights the company's ability to manage its expenses and generate profits over the years, with 2023 showing a concerning decline in profitability compared to the previous years.