Ichor Holdings Ltd (ICHR)

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	103,396	131,962	171,453	201,172	211,864	209,931	190,008	181,900	177,480	164,852	153,721	135,630	124,892	116,457	104,644	94,915	86,364	81,898	89,419	113,761
Revenue (ttm)	US$ in thousands	791,741	890,431	1,051,200	1,198,719	1,269,013	1,256,502	1,165,476	1,118,696	1,089,729	1,047,699	1,011,957	950,502	905,509	849,443	775,610	692,781	610,190	562,064	582,925	693,162
Gross profit margin		13.06%	14.82%	16.31%	16.78%	16.70%	16.71%	16.30%	16.26%	16.29%	15.73%	15.19%	14.27%	13.79%	13.71%	13.49%	13.70%	14.15%	14.57%	15.34%	16.41%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $103,396K ÷ $791,741K
= 13.06%

The gross profit margin of Ichor Holdings Ltd has shown some fluctuations over the past several quarters. From December 2019 to March 2020, the gross profit margin increased steadily from 13.70% to 16.41%. However, there was a decrease in the following quarters, reaching a low of 13.06% in December 2023. Overall, the gross profit margin has been relatively stable within the range of 13% to 16%, indicating that the company has been able to maintain a reasonable level of profitability from its core operations. It is important for the company to monitor and analyze the factors impacting its gross profit margin to ensure sustainable profitability in the future.