3D Systems Corporation (DDD)

Gross profit margin

		Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	190,245	196,421	207,094	204,414	207,536	214,233	225,821	237,466	253,333	263,778	270,009	264,321	230,483	223,375	225,182	233,836	271,968	280,541	288,838	299,367
Revenue (ttm)	US$ in thousands	518,086	512,115	494,096	504,761	517,903	530,889	553,131	577,728	600,986	653,777	677,032	655,987	605,384	554,394	546,312	566,368	611,477	628,898	645,040	654,360
Gross profit margin		36.72%	38.35%	41.91%	40.50%	40.07%	40.35%	40.83%	41.10%	42.15%	40.35%	39.88%	40.29%	38.07%	40.29%	41.22%	41.29%	44.48%	44.61%	44.78%	45.75%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $190,245K ÷ $518,086K
= 36.72%

The gross profit margin of 3D Systems Corporation has shown some fluctuation over the past few quarters. From March 31, 2019, to March 31, 2024, the gross profit margin has ranged from a low of 36.72% to a high of 45.75%.

There was a general downward trend from March 31, 2019, to March 31, 2022, with the margin decreasing from 45.75% to 40.35%. However, the margin started to increase from March 31, 2022, reaching a peak of 42.15% on March 31, 2022. Subsequently, there was variability in the margin, fluctuating between 40% and 42%.

Overall, the gross profit margin indicates the efficiency of 3D Systems Corporation in managing its production costs relative to its revenue. The company experienced some challenges in maintaining a consistent margin in the middle period but has shown improvement more recently. Further analysis of the company's cost structure and pricing strategies may provide insights into the reasons behind these fluctuations in the gross profit margin.