LCI Industries (LCII)

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	776,190	762,046	804,152	995,117	1,273,289	1,418,448	1,416,975	1,265,501	1,043,035	948,273	918,131	789,262	706,090	631,268	545,302	565,213	539,202	519,974	510,402	512,205
Revenue (ttm)	US$ in thousands	3,784,809	3,841,611	4,014,376	4,535,886	5,207,146	5,526,210	5,559,440	5,117,010	4,472,700	4,042,292	3,704,711	3,136,756	2,796,166	2,577,185	2,335,677	2,438,980	2,371,482	2,344,077	2,362,100	2,417,487
Gross profit margin		20.51%	19.84%	20.03%	21.94%	24.45%	25.67%	25.49%	24.73%	23.32%	23.46%	24.78%	25.16%	25.25%	24.49%	23.35%	23.17%	22.74%	22.18%	21.61%	21.19%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $776,190K ÷ $3,784,809K
= 20.51%

The gross profit margin of LCI Industries has shown a declining trend over the past few quarters based on the data provided. In Q4 of 2023, the gross profit margin was 20.51%, which is lower than the previous quarter's 19.84% and significantly below the levels seen in the same quarter of the previous year (Q4 2022) at 24.45%. This indicates a decrease in the company's ability to generate profits from its core business operations. The decreasing trend in gross profit margin may suggest challenges in managing production costs or pricing strategies, which could impact overall profitability. It would be advisable for stakeholders to further investigate the underlying reasons for this decline and take corrective actions to improve the company's financial performance.