Franklin Electric Co Inc (FELE)
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 | 697,008 | 703,217 | 707,559 | 708,366 | 691,435 | 670,405 | 642,926 | 605,877 | 576,089 | 542,304 | 503,485 | 458,368 | 433,139 | 423,036 | 416,362 | 428,958 | 428,147 | 431,147 | 426,524 | 422,906 |
| Revenue (ttm) | US$ in thousands | 2,041,219 | 2,056,177 | 2,068,471 | 2,054,878 | 2,024,939 | 1,973,102 | 1,885,052 | 1,771,958 | 1,654,390 | 1,542,467 | 1,435,189 | 1,306,706 | 1,241,381 | 1,242,820 | 1,241,335 | 1,287,613 | 1,310,047 | 1,306,547 | 1,295,924 | 1,283,749 |
| Gross profit margin | 34.15% | 34.20% | 34.21% | 34.47% | 34.15% | 33.98% | 34.11% | 34.19% | 34.82% | 35.16% | 35.08% | 35.08% | 34.89% | 34.04% | 33.54% | 33.31% | 32.68% | 33.00% | 32.91% | 32.94% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $697,008K ÷ $2,041,219K
= 34.15%
Based on the provided data, Franklin Electric Co., Inc.'s gross profit margin has shown relative stability over the past eight quarters, ranging from a low of 33.74% in Q3 2022 to a high of 34.11% in Q1 2023. The average gross profit margin over this period is approximately 33.88%.
The company has been able to maintain a gross profit margin within a narrow range, indicating consistent management of production costs and pricing strategies. It is important to note that even though there are fluctuations in the margin, the overall trend shows resilience and efficiency in managing the cost of sales relative to revenue.
Further analysis into the factors influencing the gross profit margin, such as changes in input costs, pricing strategies, and operational efficiency, would provide additional insight into the company's financial performance and competitive position within the industry.
Peer comparison
Dec 31, 2023