• Elastic average net profit margin for 2023 was -20.8%, a 14.19% decline from 2022.
• Elastic average net profit margin for 2022 was -24.24%, a 13.11% decline from 2021.
• Elastic average net profit margin for 2021 was -21.43%, a 38.05% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.