Flex Ltd (FLEX)

Gross profit margin

		Sep 30, 2024	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
Gross profit (ttm)	US$ in thousands	1,872,000	1,860,000	1,865,000	1,893,000	1,959,000	2,031,000	2,090,000	2,130,000	2,122,000	1,996,000	1,932,000	1,936,000	1,924,000	1,854,000	1,687,000	1,543,627	1,494,627	1,288,627	1,337,386	1,352,054
Revenue (ttm)	US$ in thousands	26,095,000	26,986,000	27,967,000	29,217,000	29,857,000	30,143,000	30,146,000	29,578,000	28,452,000	26,922,000	25,927,000	25,342,000	25,444,000	25,204,000	24,050,230	23,268,720	23,049,280	23,150,040	24,173,530	24,915,160
Gross profit margin		7.17%	6.89%	6.67%	6.48%	6.56%	6.74%	6.93%	7.20%	7.46%	7.41%	7.45%	7.64%	7.56%	7.36%	7.01%	6.63%	6.48%	5.57%	5.53%	5.43%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,872,000K ÷ $26,095,000K
= 7.17%

Flex Ltd's gross profit margin has shown some variability over the past several quarters. The gross profit margin has generally ranged between 6.5% to 7.5% with fluctuations observed between the quarters.

There was a slight decline in the gross profit margin from 7.17% in the most recent quarter to 6.89% in the previous quarter, possibly indicating a slight decrease in profitability. The current gross profit margin of 7.17% is higher than the year-ago quarter's margin of 6.56%, showing some improvement in profitability over the long term.

Overall, Flex Ltd's gross profit margin has shown some volatility, but it has generally remained within a relatively narrow range. Further analysis of the company's cost structure and pricing strategy may be needed to better understand the factors influencing these fluctuations in the gross profit margin.