Kelly Services A Inc (KELYA)

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	961,400	973,400	985,500	1,007,300	1,011,800	1,007,600	995,900	964,500	919,200	897,300	859,400	817,600	827,600	848,600	885,300	940,100	968,400	977,700	989,100	985,600
Revenue (ttm)	US$ in thousands	4,835,500	3,861,600	3,911,600	2,700,700	1,433,300	2,422,100	2,449,600	3,702,000	4,906,200	4,897,300	4,739,800	4,458,800	4,516,300	4,613,700	4,843,900	5,235,600	5,355,600	5,432,500	5,507,200	5,526,600
Gross profit margin		19.88%	25.21%	25.19%	37.30%	70.59%	41.60%	40.66%	26.05%	18.74%	18.32%	18.13%	18.34%	18.32%	18.39%	18.28%	17.96%	18.08%	18.00%	17.96%	17.83%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $961,400K ÷ $4,835,500K
= 19.88%

The gross profit margin of Kelly Services, Inc. has shown some fluctuations over the past eight quarters. In Q4 2023, the gross profit margin was 19.88%, slightly lower than the previous quarter's 20.12%. This slight decrease continues a trend from Q2 2023 where the margin was at its highest point in the provided data at 20.16%.

Comparing the current Q4 2023 gross profit margin to the same quarter in the previous year, there has been a slight decline from 20.38% to 19.88%. This suggests a potential decrease in profitability in this latest quarter compared to the same period last year.

Overall, the gross profit margin of Kelly Services, Inc. has shown relatively stable performance over the analyzed quarters, with fluctuations within a relatively narrow range between 19.29% and 20.40%. This suggests that the company has been able to maintain a consistent level of profitability in its operations, despite some minor variations quarter to quarter.