Ametek Inc (AME)

Gross 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
Gross profit (ttm)	US$ in thousands	1,451,362	1,409,020	1,353,546	1,297,970	1,250,926	1,227,333	1,180,145	1,131,822	1,086,054	1,036,808	969,275	877,427	995,798	2,086,847	2,117,041	2,186,655	2,061,609	2,028,119	1,994,246	1,969,613
Revenue (ttm)	US$ in thousands	6,515,160	6,411,040	6,338,130	6,204,940	6,067,350	5,947,930	5,836,590	5,708,290	5,466,130	5,162,380	4,847,940	4,471,293	4,594,993	4,720,333	4,869,893	5,148,580	5,093,120	5,059,630	4,977,880	4,898,090
Gross profit margin		22.28%	21.98%	21.36%	20.92%	20.62%	20.63%	20.22%	19.83%	19.87%	20.08%	19.99%	19.62%	21.67%	44.21%	43.47%	42.47%	40.48%	40.08%	40.06%	40.21%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,451,362K ÷ $6,515,160K
= 22.28%

Ametek Inc's gross profit margin has shown a generally increasing trend over the past eight quarters, indicating an improvement in the company's ability to generate profits from its core operations. The company's gross profit margin has gradually increased from 34.48% in Q1 2022 to 36.14% in Q4 2023. This progressive improvement is a positive sign as it suggests that the company has been able to effectively manage its production costs and pricing strategies during this period. Overall, the increasing trend in the gross profit margin reflects Ametek Inc's improving operational efficiency and profitability.