USANA Health Sciences Inc (USNA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 63,788 | 69,350 | 116,505 | 124,664 | 100,526 |
| Revenue | US$ in thousands | 923,915 | 1,001,720 | 1,190,170 | 1,137,750 | 1,060,900 |
| Net profit margin | 6.90% | 6.92% | 9.79% | 10.96% | 9.48% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $63,788K ÷ $923,915K
= 6.90%
USANA Health Sciences Inc's net profit margin has exhibited variability over the past five years, ranging from 6.90% in 2023 to a peak of 10.96% in 2020. The trend indicates a slight decline in profitability since 2020. A net profit margin measures the company's efficiency in converting revenue into profit after accounting for all expenses. The recent decrease in net profit margin may be a cause for further investigation into the company's cost structure, pricing strategies, and overall financial performance. A lower net profit margin could potentially impact the company's ability to generate strong returns for its shareholders in the long run.