Enersys (ENS)
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 | Jul 5, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 982,891 | 974,637 | 939,637 | 894,909 | 840,138 | 788,625 | 759,315 | 742,284 | 749,968 | 752,718 | 757,692 | 757,392 | 739,150 | 742,645 | 738,574 | 758,331 | 784,866 | 786,336 | 765,641 | 729,204 |
| Revenue (ttm) | US$ in thousands | 3,536,980 | 3,605,448 | 3,658,343 | 3,653,503 | 3,648,354 | 3,578,556 | 3,510,093 | 3,407,939 | 3,326,085 | 3,235,399 | 3,152,204 | 3,078,784 | 2,977,932 | 2,217,492 | 1,525,258 | 868,646 | 216,125 | 206,658 | 194,210 | 193,402 |
| Gross profit margin | 27.79% | 27.03% | 25.68% | 24.49% | 23.03% | 22.04% | 21.63% | 21.78% | 22.55% | 23.27% | 24.04% | 24.60% | 24.82% | 33.49% | 48.42% | 87.30% | 363.15% | 380.50% | 394.23% | 377.04% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $982,891K ÷ $3,536,980K
= 27.79%
Enersys' gross profit margin has shown fluctuations over the past several quarters. From March 31, 2019 to March 31, 2024, there seems to be a decreasing trend in the gross profit margin, with a peak of 394.23% on September 30, 2019, followed by a sharp decline.
The gross profit margin decreased from 33.49% on December 31, 2021 to 21.63% on September 30, 2022, but then showed a slight improvement to 27.03% by December 31, 2023. However, the latest figure of 27.79% on March 31, 2024 is still lower than the levels seen in previous years.
This declining trend in gross profit margin could be a cause for concern as it may indicate that Enersys is experiencing challenges in controlling its production costs relative to its revenue, which could potentially impact its overall profitability. Further analysis of the company's cost structure and efficiency in managing expenses may be warranted to address this issue.
Peer comparison
Mar 31, 2024