Fox Corp Class B (FOX)

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	11,569,000	11,421,000	12,032,000	12,354,000	12,342,000	12,531,000	11,923,000	11,814,000	11,691,000	11,914,000	11,827,000	11,619,000	11,391,000	10,477,000	10,696,000	10,411,000	10,441,000	10,978,000	10,403,000	10,316,000
Revenue (ttm)	US$ in thousands	13,995,000	13,934,000	14,571,000	14,954,000	14,913,000	15,016,000	14,351,000	14,150,000	13,974,000	13,546,000	13,397,000	13,140,000	12,909,000	12,437,000	12,662,000	12,353,000	12,303,000	12,398,000	11,710,000	11,515,000
Gross profit margin		82.67%	81.96%	82.57%	82.61%	82.76%	83.45%	83.08%	83.49%	83.66%	87.95%	88.28%	88.42%	88.24%	84.24%	84.47%	84.28%	84.87%	88.55%	88.84%	89.59%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,569,000K ÷ $13,995,000K
= 82.67%

The gross profit margin of Fox Corp Class B has been relatively consistent over the past few quarters, hovering around the high 80% range. The company achieved gross profit margins ranging from 82% to 89%, indicating strong profitability in its core business operations.

There was a slight dip in the gross profit margin in the recent quarters, but overall, the company has maintained a robust position in generating profits from its sales revenue. This stability in the gross profit margin showcases the company's ability to effectively manage its production costs and pricing strategies.

Fox Corp Class B's gross profit margin trend suggests that the company has been able to maintain a healthy level of profitability and efficiency in its operations. However, it is important for the company to continue monitoring and optimizing its cost structures to sustain and potentially improve its gross profit margin in the future.