Insteel Industries Inc (IIIN)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 49,632 | 51,356 | 56,335 | 53,882 | 65,398 | 91,210 | 128,925 | 172,732 | 197,310 | 197,434 | 170,902 | 144,061 | 121,548 | 101,091 | 84,346 | 69,401 | 55,787 | 40,153 | 33,584 | 25,322 |
| Revenue (ttm) | US$ in thousands | 529,219 | 549,135 | 569,054 | 600,711 | 649,214 | 702,408 | 763,864 | 817,999 | 826,223 | 790,215 | 723,780 | 649,569 | 590,694 | 556,516 | 517,734 | 493,592 | 471,587 | 446,089 | 450,346 | 447,416 |
| Gross profit margin | 9.38% | 9.35% | 9.90% | 8.97% | 10.07% | 12.99% | 16.88% | 21.12% | 23.88% | 24.98% | 23.61% | 22.18% | 20.58% | 18.16% | 16.29% | 14.06% | 11.83% | 9.00% | 7.46% | 5.66% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $49,632K ÷ $529,219K
= 9.38%
The gross profit margin of Insteel Industries Inc has shown a general declining trend over the past five years, decreasing from 14.06% in March 2021 to 9.38% in September 2024. This indicates that the company's ability to generate profit from its core business operations has deteriorated. The fluctuation in the gross profit margin from 2021 to 2024 suggests potential challenges in managing cost of goods sold and pricing strategies. Further analysis of the company's cost structure and pricing policies may provide insights into the factors contributing to the decline in the gross profit margin.
Peer comparison
Sep 30, 2024