Graham Holdings Co (GHC)

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	3,536,044	4,162,435	4,170,875	3,986,039	3,889,238	3,812,301	3,559,530	3,422,779	3,207,893	3,092,715	3,007,916	2,816,703	2,813,734	2,891,645	2,935,099	3,049,874	3,032,447	2,909,351	2,841,549	2,789,613
Revenue (ttm)	US$ in thousands	4,403,440	4,303,530	4,201,410	3,997,102	3,881,548	3,696,730	3,495,222	3,386,894	3,193,798	3,082,719	2,998,779	2,846,516	2,873,113	2,865,588	2,887,426	2,972,157	2,932,099	2,857,708	2,793,654	2,728,729
Gross profit margin		80.30%	96.72%	99.27%	99.72%	100.20%	103.13%	101.84%	101.06%	100.44%	100.32%	100.30%	98.95%	97.93%	100.91%	101.65%	102.61%	103.42%	101.81%	101.71%	102.23%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,536,044K ÷ $4,403,440K
= 80.30%

Graham Holdings Co. has experienced a gradual decline in its gross profit margin over the past eight quarters, starting at 33.33% in Q1 2022 and decreasing to 29.72% in Q4 2023. This downward trend suggests potential challenges in efficiently managing production costs and pricing strategies. It is essential for the company to closely monitor and address factors impacting its gross profit margin to sustain profitability and competitiveness in the market.