Advanced Drainage Systems Inc (WMS)
Net profit margin
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 509,915 | 500,986 | 477,387 | 493,592 | 507,086 | 467,500 | 459,138 | 382,490 | 271,331 | 244,778 | 224,874 | 229,751 | 224,230 | 206,781 | 176,295 | 103,648 | -193,174 | -194,469 | -201,945 | -180,864 |
| Revenue (ttm) | US$ in thousands | 2,884,829 | 2,852,169 | 2,844,969 | 2,948,958 | 3,071,658 | 3,135,190 | 3,194,631 | 3,016,141 | 2,772,332 | 2,532,878 | 2,304,154 | 2,142,145 | 1,978,469 | 1,906,416 | 1,813,956 | 1,765,189 | 1,672,121 | 1,573,571 | 1,498,558 | 1,410,542 |
| Net profit margin | 17.68% | 17.57% | 16.78% | 16.74% | 16.51% | 14.91% | 14.37% | 12.68% | 9.79% | 9.66% | 9.76% | 10.73% | 11.33% | 10.85% | 9.72% | 5.87% | -11.55% | -12.36% | -13.48% | -12.82% |
March 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $509,915K ÷ $2,884,829K
= 17.68%
The net profit margin of Advanced Drainage Systems Inc has shown a positive trend over the recent quarters, indicating an improvement in the company's profitability. The net profit margin increased from 12.68% in Jun 30, 2022, to 17.68% in Mar 31, 2024, reflecting the company's ability to efficiently convert revenue into profit. This upward trend demonstrates effective cost management and operational efficiency. However, it is important to note the significant improvements made since the negative margins reported in Dec 31, 2019, and Mar 31, 2020, which were likely impacted by certain exceptional factors. Overall, the increasing net profit margin reflects positively on the financial performance and management effectiveness of Advanced Drainage Systems Inc.