• Target average net profit margin for 2023 was 2.89%, a 39.54% increase from 2022.
• Target average net profit margin for 2022 was 4.78%, a 19.8% decline from 2021.
• Target average net profit margin for 2021 was 5.96%, a 47.89% decline from 2020.

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