IAC Inc. (IAC)
Gross profit margin
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 18,727 | -195,879 | -293,752 | -386,861 | -517,814 | -430,542 | -347,403 | -230,704 | -66,883 | 95,049 | 710,520 | 624,965 | 553,637 | 238,638 |
| Revenue (ttm) | US$ in thousands | 4,210,640 | 4,365,230 | 4,553,650 | 4,743,210 | 4,994,200 | 5,235,270 | 5,148,260 | 4,771,428 | 4,238,395 | 3,699,625 | 3,114,950 | 2,976,428 | 2,873,086 | 2,768,435 |
| Gross profit margin | 0.44% | -4.49% | -6.45% | -8.16% | -10.37% | -8.22% | -6.75% | -4.84% | -1.58% | 2.57% | 22.81% | 21.00% | 19.27% | 8.62% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $18,727K ÷ $4,210,640K
= 0.44%
The gross profit margin of IAC Inc. has shown fluctuations over the past several quarters. The company experienced a downward trend in gross profit margin from the fourth quarter of 2020 to the second quarter of 2022, with margins ranging from negative 8.22% to negative 6.45%. However, there was a slight improvement in the third quarter of 2022, with a gross profit margin of -4.84%.
Subsequently, there was a significant improvement in the gross profit margin in the fourth quarter of 2022, reaching 2.57%. This positive trend continued into the first quarter of 2023 and the second quarter of 2023, with gross profit margins of 22.81% and 21.00% respectively. However, there was a slight decline in the gross profit margin in the third quarter of 2023 to 19.27%.
In the most recent quarters, the gross profit margin declined further to 8.62% in the fourth quarter of 2023 and then to 1.58% in the first quarter of 2024. It is essential for IAC Inc. to closely monitor and manage its cost of goods sold and pricing strategies to ensure sustainable profitability and improve its gross profit margin in the future.
Peer comparison
Mar 31, 2024