Hanesbrands Inc (HBI)

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	1,896,410	1,904,718	1,997,259	2,086,623	2,221,108	2,386,859	2,523,668	2,633,196	2,651,699	2,083,170	1,954,980	1,787,213	1,602,700	2,210,244	2,355,806	2,517,467	2,719,330	2,716,744	2,711,546	2,695,154
Revenue (ttm)	US$ in thousands	5,636,530	5,812,990	5,972,420	6,046,910	6,233,660	6,512,720	6,631,530	6,869,370	6,796,660	6,733,450	6,752,170	6,739,640	6,550,530	6,612,390	6,671,090	6,693,240	6,966,920	6,984,220	6,965,960	6,920,470
Gross profit margin		33.64%	32.77%	33.44%	34.51%	35.63%	36.65%	38.06%	38.33%	39.01%	30.94%	28.95%	26.52%	24.47%	33.43%	35.31%	37.61%	39.03%	38.90%	38.93%	38.94%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,896,410K ÷ $5,636,530K
= 33.64%

The gross profit margin of Hanesbrands Inc has shown fluctuations over the past few quarters. It decreased from 39.03% in March 2019 to 24.47% in March 2021 before gradually improving to 33.64% in December 2023. The trend indicates a recovery in profitability, with the margin increasing from the low point in 2021. However, the margin has yet to reach the levels seen in 2019. Overall, ongoing monitoring of the gross profit margin is crucial to assess the company's ability to generate profit from sales after accounting for the cost of goods sold.