• LY average net profit margin for 2023 was 7.61%, a 5.58% increase from 2022.
• LY average net profit margin for 2022 was 8.06%, a 7.47% decline from 2021.
• LY average net profit margin for 2021 was 7.5%, a 2.18% increase from 2020.

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