Hexcel Corporation (HXL)

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	433,200	429,200	419,400	398,100	357,100	327,100	311,300	283,700	250,100	211,400	158,900	151,900	239,700	355,800	500,200	614,100	640,400	644,300	629,400	605,400
Revenue (ttm)	US$ in thousands	1,758,000	1,725,300	1,669,300	1,608,300	1,541,500	1,472,400	1,441,000	1,367,900	1,286,400	1,231,100	1,184,000	1,241,000	1,470,000	1,738,500	2,022,800	2,251,900	2,320,800	2,317,500	2,285,900	2,227,600
Gross profit margin		24.64%	24.88%	25.12%	24.75%	23.17%	22.22%	21.60%	20.74%	19.44%	17.17%	13.42%	12.24%	16.31%	20.47%	24.73%	27.27%	27.59%	27.80%	27.53%	27.18%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $433,200K ÷ $1,758,000K
= 24.64%

Hexcel Corp.'s gross profit margin has shown a generally increasing trend over the past eight quarters, reaching 24.21% in Q4 2023 from 20.19% in Q1 2022. This positive trend indicates the company's ability to effectively manage its production costs and generate a higher proportion of revenue as gross profit.

The company's gross profit margin fluctuated between 21.07% and 24.58% during this period, with the highest margin recorded in Q2 2023. This suggests that Hexcel Corp. has been successful in controlling its cost of goods sold and improving operational efficiency in some quarters.

Overall, the consistent improvement in gross profit margin reflects positively on Hexcel Corp.'s profitability and operational performance. It indicates that the company has been able to maintain a healthy balance between revenue and production costs, which is essential for sustainable growth and profitability in the long run.