BorgWarner Inc (BWA)
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 | 2,929,000 | 3,641,000 | 3,596,000 | 3,440,000 | 3,440,000 | 2,694,000 | 2,737,000 | 2,787,000 | 2,855,000 | 3,002,000 | 2,869,000 | 2,281,000 | 1,910,000 | 1,683,000 | 1,690,000 | 2,029,000 | 2,101,000 | 2,100,000 | 2,091,000 | 2,158,000 |
| Revenue (ttm) | US$ in thousands | 15,825,000 | 16,484,000 | 16,848,000 | 16,082,000 | 15,805,000 | 15,319,000 | 14,706,000 | 14,749,000 | 14,878,000 | 15,140,000 | 14,258,000 | 11,904,000 | 10,171,000 | 8,803,000 | 8,757,000 | 9,881,000 | 10,168,000 | 10,183,000 | 10,169,000 | 10,312,000 |
| Gross profit margin | 18.51% | 22.09% | 21.34% | 21.39% | 21.77% | 17.59% | 18.61% | 18.90% | 19.19% | 19.83% | 20.12% | 19.16% | 18.78% | 19.12% | 19.30% | 20.53% | 20.66% | 20.62% | 20.56% | 20.93% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,929,000K ÷ $15,825,000K
= 18.51%
To analyze BorgWarner Inc's gross profit margin over the past eight quarters, we can observe a fluctuating trend. The gross profit margin has ranged from 18.09% to 19.63% during this period. In the most recent quarter (Q4 2023), the gross profit margin decreased to 18.09%, marking a sequential decline from the previous quarter (Q3 2023) where it stood at 18.89%.
Despite the fluctuations, the gross profit margin has generally remained within a relatively narrow band, indicating stability in the company's ability to generate profits from its core operations. It is important to monitor any significant deviations in the gross profit margin as they could signify changes in pricing strategies, production costs, or competitive pressures.
Overall, while BorgWarner Inc's gross profit margin has shown variability, further analysis and comparison with industry benchmarks would provide greater insights into the company's performance and competitiveness in the market.
Peer comparison
Dec 31, 2023