Varex Imaging Corp (VREX)
Net profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 48,200 | 30,300 | 17,400 | -57,900 | 15,500 |
| Revenue | US$ in thousands | 893,400 | 859,400 | 818,100 | 738,300 | 780,600 |
| Net profit margin | 5.40% | 3.53% | 2.13% | -7.84% | 1.99% |
September 30, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $48,200K ÷ $893,400K
= 5.40%
The net profit margin of Varex Imaging Corp has shown a positive trend over the past five years, indicating an improving profitability performance. The net profit margin increased from 1.99% in 2019 to 5.40% in 2023. This upward trend suggests that the company has been able to effectively manage its expenses and generate higher profits relative to its revenue.
The significant improvement in the net profit margin from negative values in 2020 to positive values in recent years reflects the company's successful efforts in enhancing operational efficiency and cost control measures. A positive net profit margin indicates that Varex Imaging Corp is generating profits after accounting for all expenses, including operating costs, interest, and taxes.
Overall, the increasing trend in the net profit margin is a positive signal for investors, as it demonstrates the company's ability to generate profits from its operations and indicates a stronger financial performance compared to previous years.
Peer comparison
Sep 30, 2023