Varex Imaging Corp (VREX)
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 | 44,600 | 48,200 | 29,400 | 28,500 | 32,000 | 30,300 | 25,900 | 29,700 | 25,200 | 17,400 | -17,700 | -58,000 | -63,000 | -57,900 | -23,400 | 3,500 | 11,200 | 15,500 | 7,400 | 12,600 |
| Revenue (ttm) | US$ in thousands | 879,200 | 894,700 | 913,200 | 893,400 | 876,100 | 864,900 | 860,000 | 855,500 | 845,000 | 823,100 | 745,000 | 708,700 | 708,000 | 738,300 | 769,500 | 796,800 | 794,700 | 780,600 | 767,300 | 766,900 |
| Net profit margin | 5.07% | 5.39% | 3.22% | 3.19% | 3.65% | 3.50% | 3.01% | 3.47% | 2.98% | 2.11% | -2.38% | -8.18% | -8.90% | -7.84% | -3.04% | 0.44% | 1.41% | 1.99% | 0.96% | 1.64% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $44,600K ÷ $879,200K
= 5.07%
The net profit margin of Varex Imaging Corp has exhibited fluctuations over the past few quarters. It ranged from as low as -8.90% in Q3 2021 to as high as 5.39% in Q2 2023. The net profit margin measures how much of each dollar of revenue translates into profit after all expenses are accounted for.
The company's net profit margin has generally been positive in recent quarters, indicating that Varex Imaging Corp has been able to effectively control its expenses and generate profits. However, the negative net profit margins in Q3 2021 and Q2 2021 suggest some periods of financial challenge for the company.
Overall, the trend in Varex Imaging Corp's net profit margin appears to be improving in recent quarters, with higher levels of profitability compared to the previous year. It would be important for the company to sustain this positive trend and continue to efficiently manage its costs to ensure long-term profitability and financial health.
Peer comparison
Dec 31, 2023