Ethan Allen Interiors Inc (ETD)
Gross profit margin
| Jun 30, 2024 | 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 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 393,062 | 405,784 | 427,511 | 450,895 | 480,370 | 1,063,489 | 1,071,398 | 1,069,647 | 1,049,223 | 455,517 | 437,466 | 416,529 | 393,107 | 336,379 | 318,919 | 315,108 | 323,132 | 376,051 | 390,496 | 401,835 |
| Revenue (ttm) | US$ in thousands | 646,141 | 664,729 | 704,624 | 740,509 | 791,146 | 1,224,074 | 1,235,417 | 1,240,349 | 1,208,177 | 766,074 | 745,377 | 716,110 | 684,846 | 598,414 | 571,226 | 566,974 | 589,837 | 682,187 | 710,242 | 732,820 |
| Gross profit margin | 60.83% | 61.05% | 60.67% | 60.89% | 60.72% | 86.88% | 86.72% | 86.24% | 86.84% | 59.46% | 58.69% | 58.17% | 57.40% | 56.21% | 55.83% | 55.58% | 54.78% | 55.12% | 54.98% | 54.83% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $393,062K ÷ $646,141K
= 60.83%
Ethan Allen Interiors Inc's gross profit margin has shown some fluctuations over the periods under consideration. The margin was relatively stable around the high 60% range for most quarters, with occasional dips below 60%. However, there was a significant anomaly in the 2022 financial results, where the gross profit margin spiked to unusually high levels (above 85%). This anomaly could be due to specific one-time events or accounting adjustments that significantly impacted the company's cost of goods sold during that period.
It is essential for investors and stakeholders to closely monitor the company's gross profit margin trend over time to assess its operational efficiency and pricing strategies. A consistent and healthy gross profit margin is indicative of the company effectively managing its production and sales costs. The large fluctuations, especially the unusually high margins in Q1 and Q2 of 2022, may require further investigation to understand the underlying factors impacting Ethan Allen Interiors Inc's profitability.