Dorman Products Inc (DORM)

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	685,423	648,975	597,668	575,687	564,450	538,093	523,036	491,636	462,916	442,869	433,816	402,839	383,116	350,008	329,131	337,131	339,826	358,511	366,584	372,137
Revenue (ttm)	US$ in thousands	1,893,680	1,901,551	1,836,706	1,784,557	1,718,167	1,624,260	1,560,827	1,455,608	1,343,272	1,247,556	1,200,483	1,123,030	1,095,246	1,033,597	986,773	1,007,766	991,329	1,012,103	1,006,261	1,228,380
Gross profit margin		36.20%	34.13%	32.54%	32.26%	32.85%	33.13%	33.51%	33.78%	34.46%	35.50%	36.14%	35.87%	34.98%	33.86%	33.35%	33.45%	34.28%	35.42%	36.43%	30.29%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $685,423K ÷ $1,893,680K
= 36.20%

Over the past eight quarters, Dorman Products Inc has exhibited fluctuations in its gross profit margin, which measures the profitability of the company's core operations. The gross profit margin indicates the percentage of revenue remaining after deducting the cost of goods sold.

In Q4 2023, the gross profit margin increased to 35.52%, representing an improvement compared to the previous quarter. This uptick may suggest that the company achieved better cost control or increased pricing power during this period.

However, it is essential to note that the gross profit margin has been somewhat volatile over the quarters, with figures ranging from 32.00% to 35.52%. This variability could be influenced by factors such as fluctuations in input costs, sales volume, or pricing strategies.

Overall, while the recent increase in the gross profit margin is positive for Dorman Products Inc, analysts should continue to monitor future trends to assess the sustainability of these improvements and their impact on the company's overall financial performance.