Harley-Davidson Inc (HOG)
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 | 1,005,342 | 948,278 | 1,077,711 | 1,133,988 | 1,053,611 | 898,258 | 763,752 | 766,497 | 823,439 | 711,127 | 644,799 | 248,340 | 9,679 | 141,693 | 123,653 | 496,009 | 494,618 | 485,966 | 515,538 | 583,228 |
| Revenue (ttm) | US$ in thousands | 5,836,480 | 5,925,550 | 6,025,070 | 6,048,640 | 5,755,140 | 5,629,290 | 5,346,020 | 5,408,990 | 5,336,310 | 5,045,102 | 4,845,472 | 4,178,639 | 4,054,369 | 4,401,417 | 4,508,257 | 5,275,650 | 5,361,790 | 5,435,380 | 5,478,530 | 5,559,130 |
| Gross profit margin | 17.23% | 16.00% | 17.89% | 18.75% | 18.31% | 15.96% | 14.29% | 14.17% | 15.43% | 14.10% | 13.31% | 5.94% | 0.24% | 3.22% | 2.74% | 9.40% | 9.22% | 8.94% | 9.41% | 10.49% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,005,342K ÷ $5,836,480K
= 17.23%
The gross profit margin of Harley-Davidson, Inc. has shown a positive trend over the past eight quarters, increasing from 37.08% in Q1 2022 to 39.18% in Q4 2023. This indicates that the company has been able to efficiently manage its production costs and generate higher profits from its sales. The steady improvement in gross profit margin highlights Harley-Davidson's ability to effectively control its cost of goods sold and maintain a healthy level of profitability. Overall, the consistent growth in gross profit margin reflects positively on the company's operational performance and financial health.
Peer comparison
Dec 31, 2023