Diodes Incorporated (DIOD)

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	658,182	751,902	813,844	824,994	827,237	811,732	775,145	728,421	670,360	602,366	532,225	473,915	431,121	417,786	428,742	449,238	465,807	470,644	463,812	449,092
Revenue (ttm)	US$ in thousands	1,651,266	1,823,884	1,936,362	1,974,817	1,994,331	1,979,149	1,932,418	1,869,138	1,795,386	1,668,079	1,500,365	1,344,860	1,215,429	1,190,516	1,208,265	1,245,348	1,265,885	1,254,874	1,252,002	1,234,344
Gross profit margin		39.86%	41.23%	42.03%	41.78%	41.48%	41.01%	40.11%	38.97%	37.34%	36.11%	35.47%	35.24%	35.47%	35.09%	35.48%	36.07%	36.80%	37.51%	37.05%	36.38%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $658,182K ÷ $1,651,266K
= 39.86%

Diodes, Inc.'s gross profit margin has shown slight fluctuation over the past eight quarters. The company's gross profit margin ranged from a low of 38.87% in Q1 2022 to a high of 41.70% in Q2 2023. The trend indicates that the company has been able to effectively manage its production costs and pricing strategies to maintain a relatively stable gross profit margin. While there have been fluctuations, the overall trend seems to suggest a consistent effort to optimize operational efficiency and profitability. It is essential for the company to continue monitoring and managing its cost structures to ensure sustainable profitability in the long term.