Group 1 Automotive Inc (GPI)

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	3,020,200	3,009,000	2,975,400	2,968,300	2,965,100	2,916,900	2,803,000	2,684,100	2,440,700	2,240,600	2,105,200	1,809,600	1,734,100	1,727,600	1,689,900	1,790,300	1,816,000	1,783,500	1,753,000	1,736,900
Revenue (ttm)	US$ in thousands	17,760,500	17,358,100	16,826,700	16,421,000	16,137,700	15,590,700	14,935,700	14,495,500	13,664,700	13,097,100	12,626,600	11,044,500	10,721,000	10,910,400	10,987,000	11,869,400	11,991,360	11,788,770	11,560,390	11,497,440
Gross profit margin		17.01%	17.33%	17.68%	18.08%	18.37%	18.71%	18.77%	18.52%	17.86%	17.11%	16.67%	16.38%	16.17%	15.83%	15.38%	15.08%	15.14%	15.13%	15.16%	15.11%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,020,200K ÷ $17,760,500K
= 17.01%

Group 1 Automotive, Inc.'s gross profit margin has been gradually decreasing over the past year, from 18.28% in Q4 2022 to 16.90% in Q4 2023. This downward trend indicates a potential decrease in the company's profitability from each dollar of revenue generated. The average gross profit margin for the latest quarter is 17.42%, which is lower than the average of 18.62% for the same period last year. It is important for the company to closely monitor and manage its cost of goods sold to improve its gross profit margin and maintain profitability in the long term.