Gates Industrial Corporation plc (GTES)
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 | 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 | 1,142,500 | 1,191,100 |
| Revenue (ttm) | US$ in thousands | 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 | 3,087,100 | 3,153,500 |
| Gross profit margin | 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% | 37.01% | 37.77% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,368,500K ÷ $3,484,300K
= 39.28%
The gross profit margin of Gates Industrial Corporation plc has exhibited fluctuation over the past several quarters. The company's gross profit margin has ranged from a low of 35.19% in March 2023 to a high of 39.28% in June 2024.
Overall, the trend in the gross profit margin appears to have been slightly increasing in more recent quarters. This could indicate that the company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in a higher gross profit margin.
However, it is important to note that fluctuations in the gross profit margin can be influenced by various factors, including changes in pricing strategies, input costs, and efficiency of operations. It would be important to further analyze the underlying reasons for the changes in the gross profit margin to assess the financial health and performance of Gates Industrial Corporation plc.
Peer comparison
Jun 30, 2024