Arrow Electronics Inc (ARW)

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	4,149,017	4,365,467	4,572,780	4,742,940	4,836,620	4,827,000	4,715,860	4,479,750	4,202,360	3,929,666	3,642,486	3,392,849	3,191,130	3,090,387	3,100,638	3,165,084	3,298,381	3,450,808	3,575,745	3,693,656
Revenue (ttm)	US$ in thousands	33,107,130	34,580,990	35,840,400	36,786,720	37,124,410	36,817,470	36,063,430	35,165,220	34,477,020	33,915,130	32,634,000	30,677,860	28,673,360	27,557,360	27,404,220	28,142,280	28,916,850	29,496,840	29,909,160	29,957,140
Gross profit margin		12.53%	12.62%	12.76%	12.89%	13.03%	13.11%	13.08%	12.74%	12.19%	11.59%	11.16%	11.06%	11.13%	11.21%	11.31%	11.25%	11.41%	11.70%	11.96%	12.33%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,149,017K ÷ $33,107,130K
= 12.53%

Arrow Electronics Inc.'s gross profit margin has shown a decreasing trend over the past eight quarters. The gross profit margin decreased from 13.03% in Q4 2022 to 12.53% in Q4 2023. This decline indicates that the company's cost of goods sold relative to its revenue has been increasing, leading to a lower percentage of revenue retained as gross profit. It is important for the company to closely monitor its cost structure and implement strategies to improve efficiency and profitability in order to reverse this trend and enhance overall financial performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Arrow Electronics Inc

ARW

12.53%