American Axle & Manufacturing (AXL)

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	624,300	636,600	683,400	678,700	704,900	677,700	665,900	682,400	722,700	819,200	903,400	614,500	582,700	529,600	528,500	875,700	902,600	944,500	963,200	1,046,300
Revenue (ttm)	US$ in thousands	6,082,900	5,993,300	5,982,700	5,857,600	5,803,400	5,698,900	5,340,500	5,177,100	5,158,900	5,356,300	5,579,500	4,808,200	4,722,100	4,702,800	4,965,800	6,209,400	6,644,200	6,735,600	6,934,600	7,131,200
Gross profit margin		10.26%	10.62%	11.42%	11.59%	12.15%	11.89%	12.47%	13.18%	14.01%	15.29%	16.19%	12.78%	12.34%	11.26%	10.64%	14.10%	13.58%	14.02%	13.89%	14.67%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $624,300K ÷ $6,082,900K
= 10.26%

American Axle & Manufacturing Holdings Inc's gross profit margin has exhibited a declining trend over the past eight quarters. Starting from Q1 2022 at 13.21%, the margin steadily decreased to 10.27% in Q4 2023. This downward trajectory indicates challenges in maintaining profitability in relation to the cost of goods sold. The decreasing trend suggests potential issues with cost management or pricing strategies that may be impacting the company's bottom line. Monitoring and addressing the factors influencing the gross profit margin will be crucial for improving operational efficiency and overall financial performance in the future.