NCR Voyix Corporation (VYX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -423,000 | 60,000 | 97,000 | -79,000 | 564,000 |
| Revenue | US$ in thousands | 3,483,000 | 7,560,000 | 7,156,000 | 6,207,000 | 6,915,000 |
| Net profit margin | -12.14% | 0.79% | 1.36% | -1.27% | 8.16% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-423,000K ÷ $3,483,000K
= -12.14%
NCR Voyix Corporation's net profit margin has shown significant fluctuations over the past five years. In 2023, the company experienced a negative net profit margin of -12.14%, indicating that its expenses exceeded its revenues, leading to a loss. This was a notable decline from the previous year, where the net profit margin was 0.79%.
In 2022, the company's net profit margin improved to 0.79%, reflecting a slight profitability in its operations. The following year, in 2021, the net profit margin increased further to 1.36%, indicating an improvement in the company's ability to generate profit from its revenue.
However, in 2020, NCR Voyix Corporation's net profit margin fell back into negative territory at -1.27%, signifying a decrease in profitability and potential financial challenges. The most profitable year in the period under review was 2019, with a net profit margin of 8.16%, indicating strong profitability relative to revenue in that year.
Overall, the company's net profit margin has been inconsistent, with both positive and negative figures in recent years. This variability suggests fluctuations in the company's efficiency in managing costs and generating profit from its sales. Continued monitoring and analysis of the factors influencing the net profit margin are essential for understanding NCR Voyix Corporation's financial performance and sustainability.