Haverty Furniture Companies Inc (HVT)
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 | 523,093 | 551,613 | 574,335 | 596,048 | 604,224 | 594,376 | 585,659 | 580,552 | 574,625 | 562,157 | 536,331 | 454,476 | 418,995 | 397,206 | 387,048 | 430,959 | 434,489 | 433,125 | 436,478 | 440,718 |
| Revenue (ttm) | US$ in thousands | 867,572 | 935,649 | 988,559 | 1,034,657 | 1,047,913 | 1,033,296 | 1,018,756 | 1,015,444 | 1,012,971 | 988,370 | 945,498 | 805,218 | 748,317 | 720,815 | 712,863 | 795,327 | 803,272 | 798,403 | 799,078 | 805,167 |
| Gross profit margin | 60.29% | 58.96% | 58.10% | 57.61% | 57.66% | 57.52% | 57.49% | 57.17% | 56.73% | 56.88% | 56.72% | 56.44% | 55.99% | 55.11% | 54.29% | 54.19% | 54.09% | 54.25% | 54.62% | 54.74% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $523,093K ÷ $867,572K
= 60.29%
Haverty Furniture Cos., Inc.'s gross profit margin has shown a positive trend over the quarters, reflecting an improvement in the company's ability to generate profits from its sales revenue. The latest figure for Q4 2023 stands at 60.67%, marking a significant increase compared to the previous quarters. This indicates that the company has been able to effectively manage its cost of goods sold and increase the margin between the cost of production and the selling price.
The consistently high gross profit margins across the quarters suggest strong pricing strategies, efficient production processes, and effective cost controls within the company. This steady improvement in gross profit margin over time demonstrates Haverty Furniture's commitment to operational efficiency and profitability.
Overall, the increasing trend in gross profit margin indicates a positive performance for Haverty Furniture Cos., Inc., showing potential for sustained profitability and financial health.
Peer comparison
Dec 31, 2023