Knowles Cor (KN)
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 | 283,400 | 280,300 | 242,800 | 246,800 | 276,300 | 301,900 | 358,800 | 364,800 | 359,500 | 350,600 | 328,900 | 293,000 | 271,200 | 268,800 | 287,100 | 315,700 | 328,000 | 332,700 | 329,000 | 325,800 |
| Revenue (ttm) | US$ in thousands | 707,600 | 689,500 | 692,600 | 707,600 | 764,700 | 801,900 | 856,700 | 868,500 | 868,100 | 877,000 | 849,800 | 802,200 | 764,300 | 755,000 | 785,100 | 838,100 | 854,800 | 844,700 | 845,000 | 828,200 |
| Gross profit margin | 40.05% | 40.65% | 35.06% | 34.88% | 36.13% | 37.65% | 41.88% | 42.00% | 41.41% | 39.98% | 38.70% | 36.52% | 35.48% | 35.60% | 36.57% | 37.67% | 38.37% | 39.39% | 38.93% | 39.34% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $283,400K ÷ $707,600K
= 40.05%
Over the past eight quarters, Knowles Corp's gross profit margin has exhibited a gradual decline. In Q1 2022, the gross profit margin stood at its highest level of 42.00%, which then began to decrease steadily over subsequent quarters, reaching its lowest point of 38.45% in Q4 2023. This downward trend suggests potential challenges in maintaining profitability from sales after deducting the cost of goods sold. Factors such as changes in pricing strategies, input costs, or competitive pressures may have influenced this decline. It would be crucial for Knowles Corp to closely monitor its cost structures and revenue streams to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023