DR Horton Inc (DHI)

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	9,390,000	9,350,300	9,405,400	9,730,400	10,322,800	10,504,000	10,031,700	9,194,900	8,421,800	7,875,000	7,115,800	6,349,100	5,602,300	4,937,900	4,448,400	4,217,800	4,040,600	3,872,000	3,760,700	3,724,100
Revenue (ttm)	US$ in thousands	35,928,500	35,460,300	34,595,700	33,658,200	33,684,300	33,479,900	31,949,800	30,446,300	28,894,200	27,774,200	26,065,300	24,170,700	22,223,800	20,311,100	18,949,600	18,465,900	18,094,600	17,592,900	17,059,200	16,588,200
Gross profit margin		26.14%	26.37%	27.19%	28.91%	30.65%	31.37%	31.40%	30.20%	29.15%	28.35%	27.30%	26.27%	25.21%	24.31%	23.47%	22.84%	22.33%	22.01%	22.04%	22.45%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,390,000K ÷ $35,928,500K
= 26.14%

D.R. Horton Inc.'s gross profit margin has exhibited a steady declining trend over the last two years, falling from 31.40% in Jun 30, 2022 to 26.14% in Dec 31, 2023. This indicates a decrease in the percentage of revenue retained after accounting for the cost of goods sold. The decline in gross profit margin may suggest challenges in managing production and supply chain costs, pricing pressure, or changes in product mix. It is important for the company to closely monitor and address the factors contributing to this trend to ensure sustainable profitability.