IPG Photonics Corporation (IPGP)

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	541,698	488,355	505,877	530,530	555,413	660,594	696,044	704,228	696,398	677,272	644,190	600,111	538,996	516,320	516,386	560,174	606,209	648,753	691,079	745,817
Revenue (ttm)	US$ in thousands	1,287,439	1,322,085	1,369,690	1,406,742	1,429,547	1,460,475	1,490,619	1,485,254	1,460,860	1,433,023	1,372,314	1,297,067	1,200,724	1,170,721	1,181,418	1,248,776	1,314,581	1,338,004	1,365,212	1,415,056
Gross profit margin		42.08%	36.94%	36.93%	37.71%	38.85%	45.23%	46.69%	47.41%	47.67%	47.26%	46.94%	46.27%	44.89%	44.10%	43.71%	44.86%	46.11%	48.49%	50.62%	52.71%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $541,698K ÷ $1,287,439K
= 42.08%

IPG Photonics Corp's gross profit margin has exhibited some fluctuations over the past eight quarters. In Q4 2023, the gross profit margin was 42.08%, representing an increase compared to the previous quarter's 36.94%. However, the margin in Q4 2023 was lower than in Q4 2022, which stood at 38.85%.

Looking at the trend over the past eight quarters, the gross profit margin has generally been on a downward trajectory since Q2 2022 when it was at 46.69%. This decline may raise concerns about the company's ability to maintain profitability in its core operations.

It is important for investors and stakeholders to closely monitor IPG Photonics Corp's gross profit margin performance in future quarters to assess any potential impact on the company's overall financial health and sustainability.