Genuine Parts Co (GPC)

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	8,290,670	8,231,070	8,101,500	7,927,560	7,740,110	7,459,870	7,190,970	6,919,270	6,634,140	6,388,800	6,206,100	5,807,490	5,654,850	5,685,690	5,662,850	5,855,060	5,859,680	5,458,860	5,437,870	5,476,760
Revenue (ttm)	US$ in thousands	23,026,140	23,066,460	22,914,730	22,701,150	22,227,680	21,420,010	20,566,850	19,649,510	18,820,380	18,268,760	17,809,170	16,839,300	16,932,210	16,960,510	17,604,750	18,717,950	18,865,300	19,161,370	18,870,670	18,755,300
Gross profit margin		36.01%	35.68%	35.35%	34.92%	34.82%	34.83%	34.96%	35.21%	35.25%	34.97%	34.85%	34.49%	33.40%	33.52%	32.17%	31.28%	31.06%	28.49%	28.82%	29.20%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,290,670K ÷ $23,026,140K
= 36.01%

The gross profit margin of Genuine Parts Co. has shown relatively consistent performance over the past eight quarters, ranging from 34.90% to 35.90%. This range indicates stability in the company's ability to generate profit from its core business operations after accounting for the cost of goods sold. The gradual increase in the gross profit margin from Q4 2022 to Q4 2023 suggests a slight improvement in the company's efficiency in managing production costs and pricing strategies. Overall, Genuine Parts Co. has maintained a healthy gross profit margin, reflecting its effective management of production and pricing dynamics.