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.
Peer comparison
Sep 30, 2024