Belden Inc (BDC)
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 | 954,966 | 995,079 | 992,557 | 953,534 | 916,289 | 877,740 | 842,471 | 811,520 | 771,843 | 651,503 | 615,718 | 574,304 | 575,622 | 690,805 | 722,018 | 777,150 | 793,505 | 807,727 | 823,423 | 830,408 |
| Revenue (ttm) | US$ in thousands | 2,512,084 | 2,619,913 | 2,663,597 | 2,637,903 | 2,606,485 | 2,559,372 | 2,493,642 | 2,402,948 | 2,301,260 | 2,077,317 | 1,948,395 | 1,797,349 | 1,752,192 | 1,913,864 | 1,971,123 | 2,094,664 | 2,131,278 | 2,133,642 | 2,154,581 | 2,167,127 |
| Gross profit margin | 38.01% | 37.98% | 37.26% | 36.15% | 35.15% | 34.30% | 33.78% | 33.77% | 33.54% | 31.36% | 31.60% | 31.95% | 32.85% | 36.09% | 36.63% | 37.10% | 37.23% | 37.86% | 38.22% | 38.32% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $954,966K ÷ $2,512,084K
= 38.01%
Based on the data provided, the gross profit margin of Belden Inc has shown a consistent upward trend over the past eight quarters. The company's gross profit margin has increased from 35.13% in Q1 2022 to 38.01% in Q4 2023. This indicates that Belden Inc has been effectively managing its production costs and pricing strategies to improve profitability.
The steady improvement in the gross profit margin suggests that Belden Inc may have been successful in optimizing its production processes, negotiating better terms with suppliers, or adjusting product pricing to achieve better margins. This trend is positive for the company as it indicates an improvement in operational efficiency and profitability.
Overall, the increasing trend in Belden Inc's gross profit margin over the past eight quarters reflects the company's ability to effectively control costs and generate more revenue from its core operations. This trend is a favorable sign for investors and stakeholders as it indicates the company's strength in managing its cost structure and maximizing profitability.
Peer comparison
Dec 31, 2023