Xencor Inc (XNCR)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-126,087	-55,181	82,631	-69,333	26,875
Revenue	US$ in thousands	186,926	169,417	294,261	130,765	170,319
Net profit margin		-67.45%	-32.57%	28.08%	-53.02%	15.78%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-126,087K ÷ $186,926K
= -67.45%

The net profit margin of Xencor Inc has fluctuated significantly over the past five years. In 2019, the company achieved a healthy net profit margin of 17.15%, indicating that for every dollar of revenue generated, the company retained approximately 17.15 cents in profit. However, in 2020, the net profit margin plummeted to -56.51%, reflecting a loss situation where expenses exceeded revenues.

The trend improved in 2021 when Xencor Inc achieved a net profit margin of 30.04%, indicating a return to profitability and an ability to generate a significant profit relative to its revenue. Nonetheless, the net profit margin sharply declined in 2022 to -33.53%, signifying a negative profitability situation, with losses outweighing revenue.

The most recent data for 2023 reveals a significant decline in the net profit margin to -74.90%, indicating a substantial loss relative to revenue. This negative trend suggests that Xencor Inc is experiencing challenges in managing its expenses and generating profits, potentially leading to concerns about the company's financial health and operational efficiency. Further analysis of the underlying reasons for these fluctuations is warranted to assess the company's overall performance and prospects for improvement.