Century Communities Inc (CCS)

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	3,242,993	3,230,983	3,487,078	3,804,987	4,065,021	4,104,441	3,938,719	3,824,954	3,826,661	3,619,229	3,459,906	3,205,519	2,817,310	2,627,613	2,436,586	2,292,491	2,228,403	2,103,235	2,075,803	1,560,541
Revenue (ttm)	US$ in thousands	3,692,184	3,665,734	3,920,601	4,242,550	4,505,910	4,533,580	4,347,322	4,224,092	4,216,312	3,997,290	3,833,619	3,567,153	3,161,192	2,965,956	2,761,957	2,605,463	2,535,911	2,395,315	2,366,682	2,278,624
Gross profit margin		87.83%	88.14%	88.94%	89.69%	90.22%	90.53%	90.60%	90.55%	90.76%	90.54%	90.25%	89.86%	89.12%	88.59%	88.22%	87.99%	87.87%	87.81%	87.71%	68.49%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,242,993K ÷ $3,692,184K
= 87.83%

Century Communities Inc's gross profit margin has shown a general downward trend over the last few quarters, decreasing from 27.42% in Q2 2022 to 21.75% in Q4 2023. This decline indicates that the company's profitability in terms of sales revenue after accounting for direct production costs has been deteriorating.

The highest gross profit margin in the provided dataset was recorded in Q2 2022 at 27.42%, indicating that the company was able to generate a higher percentage of profit from its sales during that period. However, this has been followed by a consistent decrease in subsequent quarters.

The gross profit margin is a key financial indicator as it reflects a company's efficiency in managing production costs. A declining trend in this ratio may raise concerns about Century Communities Inc's ability to control costs or maintain pricing power in the market.

It is important for investors and stakeholders to closely monitor the company's efforts to improve its gross profit margin to ensure long-term sustainability and profitability.