Enovis Corp (ENOV)
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 | 990,779 | 958,143 | 931,001 | 898,548 | 869,383 | 845,554 | 827,606 | 812,293 | 777,675 | 924,436 | 1,070,680 | 1,111,173 | 1,288,105 | 1,329,263 | 1,353,285 | 1,488,257 | 1,401,056 | 1,186,808 | 989,939 | 805,806 |
| Revenue (ttm) | US$ in thousands | 1,686,970 | 1,644,437 | 1,618,961 | 1,609,752 | 2,233,580 | 2,223,925 | 2,803,536 | 3,374,247 | 3,230,088 | 3,659,152 | 3,499,192 | 3,133,624 | 3,070,769 | 3,131,020 | 3,171,608 | 3,459,895 | 3,327,458 | 3,424,311 | 3,101,814 | 2,754,024 |
| Gross profit margin | 58.73% | 58.27% | 57.51% | 55.82% | 38.92% | 38.02% | 29.52% | 24.07% | 24.08% | 25.26% | 30.60% | 35.46% | 41.95% | 42.45% | 42.67% | 43.01% | 42.11% | 34.66% | 31.91% | 29.26% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $990,779K ÷ $1,686,970K
= 58.73%
The gross profit margin of Enovis Corp has shown significant fluctuations over the past eight quarters, ranging from a low of 41.84% in Q1 2022 to a high of 72.44% in Q3 2023. The trend indicates an overall improvement in profitability, with a gradual increase observed since Q1 2022. The recent quarters (Q2-Q4 2023) have recorded relatively high gross profit margins, suggesting efficient cost management and potentially higher selling prices or lower cost of goods sold.
It is crucial to investigate the factors contributing to these fluctuations to understand the company's performance better. Factors such as changes in revenue, cost of goods sold, pricing strategies, competitive pressures, and operational efficiencies can impact the gross profit margin. Further analysis of the income statement and operating expenses would provide additional insights into Enovis Corp's profitability trends.
Peer comparison
Dec 31, 2023