Gates Industrial Corporation plc (GTES)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,358,500 | 1,360,900 | 1,368,500 | 1,363,800 | 1,358,900 | 1,331,200 | 1,297,300 | 1,270,800 | 1,250,600 | 1,226,900 | 1,258,100 | 1,298,600 | 1,339,200 | 1,354,700 | 1,287,600 | 1,124,400 | 1,034,700 | 994,300 | 993,100 | 1,091,000 |
| Revenue (ttm) | US$ in thousands | 3,408,200 | 3,442,100 | 3,484,300 | 3,535,100 | 3,570,200 | 3,600,200 | 3,588,000 | 3,558,500 | 3,554,200 | 3,476,500 | 3,478,200 | 3,486,500 | 3,474,400 | 3,453,000 | 3,302,800 | 2,964,200 | 2,793,000 | 2,724,500 | 2,758,900 | 2,992,300 |
| Gross profit margin | 39.86% | 39.54% | 39.28% | 38.58% | 38.06% | 36.98% | 36.16% | 35.71% | 35.19% | 35.29% | 36.17% | 37.25% | 38.54% | 39.23% | 38.99% | 37.93% | 37.05% | 36.49% | 36.00% | 36.46% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,358,500K ÷ $3,408,200K
= 39.86%
Gates Industrial Corporation plc has shown fluctuations in its gross profit margin over the period under review. The gross profit margin started at 36.46% as of March 31, 2020, increased gradually to 39.86% by December 31, 2024. The trend indicates an overall improvement in efficiency in generating profits from sales during this period. However, there were some fluctuations in the margin, with some quarters showing a decrease before bouncing back up. Despite the fluctuations, the general trend is positive, reflecting well on the company's ability to control production costs and effectively manage its pricing strategies. The company should continue to monitor and analyze the factors influencing these fluctuations to sustain or improve its gross profit margin in the future.
Peer comparison
Dec 31, 2024