Benchmark Electronics Inc (BHE)

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	271,070	272,193	269,866	261,591	255,235	245,164	232,119	221,276	205,901	194,506	187,155	173,914	175,048	161,700	164,301	178,852	185,528	200,308	200,348	201,673
Revenue (ttm)	US$ in thousands	2,838,976	2,898,266	2,950,146	2,944,943	2,886,331	2,768,741	2,569,048	2,385,681	2,255,319	2,143,515	2,097,584	2,043,888	2,053,131	2,040,325	2,069,603	2,180,239	2,268,095	2,416,701	2,502,160	2,561,149
Gross profit margin		9.55%	9.39%	9.15%	8.88%	8.84%	8.85%	9.04%	9.28%	9.13%	9.07%	8.92%	8.51%	8.53%	7.93%	7.94%	8.20%	8.18%	8.29%	8.01%	7.87%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $271,070K ÷ $2,838,976K
= 9.55%

Benchmark Electronics Inc.'s gross profit margin has displayed fluctuations over the past eight quarters. The margin ranged from 8.84% to 9.55%. In Q4 2023, the gross profit margin peaked at 9.55%, showing an improvement from the previous quarter. However, this margin has been relatively stable around the mid-to-high 9% range in the prior quarters. It is evident that the company has managed to maintain a moderate level of gross profit margin, indicating its ability to effectively control production costs and generate revenue from its core business operations. Further analysis could provide insights into the factors influencing these fluctuations and their potential impact on the company's overall financial performance.