Gates Industrial Corporation plc (GTES)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 252,300 | 246,500 | 232,900 | 254,900 | 228,100 | 216,300 | 220,800 | 198,600 | 216,900 | 260,700 | 297,100 | 258,700 | 230,400 | 111,100 | 79,400 | 74,500 | 68,100 | 112,000 | 690,100 | 746,300 |
| 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 |
| Net profit margin | 7.24% | 6.97% | 6.52% | 7.08% | 6.36% | 6.08% | 6.21% | 5.71% | 6.24% | 7.48% | 8.55% | 7.49% | 6.98% | 3.75% | 2.84% | 2.73% | 2.47% | 3.74% | 22.35% | 23.67% |
June 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $252,300K ÷ $3,484,300K
= 7.24%
The net profit margin of Gates Industrial Corporation plc has fluctuated over the past few quarters, ranging from a low of 2.73% in March 2020 to a high of 8.55% in March 2022. The trend indicates some volatility in the company's ability to convert revenue into profit. Despite some fluctuations, the net profit margin has generally remained above 5% over the last few years, indicating the company's ability to control costs and generate profits. The significant drop in net profit margin in the first quarter of 2021 (3.75%) and the following quarter (2.84%) may signal challenges or one-time events impacting profitability during this period. However, the subsequent improvement in the margin suggests a potential recovery in profitability. Overall, the net profit margin trend reflects the company's performance in generating profits relative to its revenue and provides insights into its operational efficiency and profitability management.
Peer comparison
Jun 30, 2024