Olympic Steel Inc (ZEUS)
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 | 44,529 | 41,080 | 40,896 | 63,501 | 90,931 | 121,051 | 153,538 | 145,563 | 130,269 | 97,976 | 51,923 | 15,820 | -5,595 | -8,271 | -6,160 | 2,375 | 3,856 | 3,430 | 14,438 | 28,205 |
| Revenue (ttm) | US$ in thousands | 2,158,415 | 2,188,626 | 2,296,673 | 2,436,607 | 2,562,123 | 2,666,666 | 2,700,688 | 2,547,576 | 2,312,156 | 2,019,138 | 1,650,603 | 1,342,836 | 1,234,034 | 1,222,227 | 1,306,544 | 1,487,405 | 1,579,022 | 1,688,872 | 1,761,623 | 1,785,395 |
| Net profit margin | 2.06% | 1.88% | 1.78% | 2.61% | 3.55% | 4.54% | 5.69% | 5.71% | 5.63% | 4.85% | 3.15% | 1.18% | -0.45% | -0.68% | -0.47% | 0.16% | 0.24% | 0.20% | 0.82% | 1.58% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $44,529K ÷ $2,158,415K
= 2.06%
The net profit margin of Olympic Steel Inc. has exhibited a declining trend over the past eight quarters, reflecting decreasing profitability relative to revenues. The net profit margin, which represents the percentage of revenue that translates into profit after deducting all expenses, was at its highest in Q1 2022 at 5.36% and has since experienced a gradual decrease in subsequent quarters.
The most recent data for Q4 2023 shows a net profit margin of 2.06%, the lowest in the series, indicating that the company's profit generation efficiency has been under pressure. This downward trend may raise concerns about the company's ability to control costs, manage expenses, or effectively leverage its revenue-generating capabilities.
Further analysis and investigation into the factors driving this decreasing trend in net profit margin, such as changes in pricing strategies, cost structures, or operating inefficiencies, would be necessary to assess the overall financial health and sustainable profitability of Olympic Steel Inc.
Peer comparison
Dec 31, 2023