FormFactor Inc (FORM)

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	258,580	235,849	228,777	262,863	296,009	340,365	358,371	340,285	322,767	310,822	307,352	297,236	287,920	284,611	263,180	252,365	237,496	219,213	216,865	217,731
Revenue (ttm)	US$ in thousands	732,076	662,117	669,597	715,987	745,371	785,746	794,842	779,014	768,638	761,607	749,597	719,290	693,331	674,206	636,585	616,428	587,310	549,284	543,314	540,417
Gross profit margin		35.32%	35.62%	34.17%	36.71%	39.71%	43.32%	45.09%	43.68%	41.99%	40.81%	41.00%	41.32%	41.53%	42.21%	41.34%	40.94%	40.44%	39.91%	39.92%	40.29%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $258,580K ÷ $732,076K
= 35.32%

FormFactor Inc's gross profit margin has exhibited fluctuations over the past few quarters. The gross profit margin decreased from 39.71% in December 2022 to 35.32% in December 2023, indicating a decline in the company's ability to generate profit from its sales. However, it is noteworthy that the gross profit margin has shown some variability throughout the periods, ranging from a high of 45.09% in June 2022 to a low of 34.17% in June 2023.

The downward trend in the gross profit margin warrants further investigation into the company's cost structure, pricing strategy, and efficiency in managing production costs. Investors and analysts may want to closely monitor FormFactor Inc's future financial performance to assess if the declining gross profit margin is a temporary fluctuation or a concerning long-term trend.