Haynes International Inc (HAYN)
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 | 111,430 | 109,760 | 111,899 | 119,059 | 111,594 | 106,333 | 91,112 | 71,548 | 56,520 | 39,730 | 26,984 | 15,965 | 26,876 | 44,632 | 61,988 | 77,524 | 72,911 | 65,503 | 62,077 | 59,265 |
| Revenue (ttm) | US$ in thousands | 595,589 | 581,609 | 566,513 | 554,183 | 519,804 | 487,796 | 440,365 | 398,795 | 364,018 | 336,761 | 321,421 | 313,735 | 343,237 | 379,566 | 429,268 | 474,910 | 490,833 | 489,454 | 482,127 | 469,212 |
| Gross profit margin | 18.71% | 18.87% | 19.75% | 21.48% | 21.47% | 21.80% | 20.69% | 17.94% | 15.53% | 11.80% | 8.40% | 5.09% | 7.83% | 11.76% | 14.44% | 16.32% | 14.85% | 13.38% | 12.88% | 12.63% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $111,430K ÷ $595,589K
= 18.71%
The gross profit margin of Haynes International Inc. has shown some fluctuation over the past eight quarters. In Q1 2024, the gross profit margin was 18.43%, slightly lower than the previous quarter's figure of 18.60%. Prior to this, there was a noticeable decrease in Q3 2023 to 19.52% from 21.28% in Q2 2023. The gross profit margin had been relatively stable around the 21% range in Q1 and Q4 of 2023, and Q4 2022.
Comparing the most recent quarter's gross profit margin to the figures from the past year, there seems to be a gradual decline. In Q1 2023 and Q2 2023, the gross profit margin was above 21%, indicating potentially higher profitability during that period. However, there was a notable drop in Q3 2023, which continued into Q1 2024.
Overall, it is important for Haynes International Inc. to monitor and analyze the factors contributing to these fluctuations in the gross profit margin to ensure sustainable profitability and make informed strategic decisions.
Peer comparison
Dec 31, 2023