Leggett & Platt Incorporated (LEG)
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 | 853,800 | 864,600 | 880,800 | 928,100 | 976,800 | 1,031,600 | 1,057,200 | 1,058,100 | 1,038,300 | 1,040,000 | 1,053,600 | 930,900 | 904,100 | 909,400 | 915,200 | 1,038,300 | 1,050,600 | 991,400 | 943,000 | 904,300 |
| Revenue (ttm) | US$ in thousands | 4,669,900 | 4,785,800 | 4,940,100 | 5,091,100 | 5,203,900 | 5,345,700 | 5,373,000 | 5,307,800 | 5,133,700 | 4,979,500 | 4,865,900 | 4,433,300 | 4,329,000 | 4,294,100 | 4,327,500 | 4,703,600 | 4,813,000 | 4,521,700 | 4,442,600 | 4,400,000 |
| Gross profit margin | 18.28% | 18.07% | 17.83% | 18.23% | 18.77% | 19.30% | 19.68% | 19.93% | 20.23% | 20.89% | 21.65% | 21.00% | 20.88% | 21.18% | 21.15% | 22.07% | 21.83% | 21.93% | 21.23% | 20.55% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $853,800K ÷ $4,669,900K
= 18.28%
The trend in Leggett & Platt, Inc.'s gross profit margin has been gradually decreasing over the past several quarters. The company's gross profit margin has declined from 20.18% in Q1 2022 to 18.07% in Q4 2023. This indicates that the company's profitability from its core operations has been under pressure.
It is essential for the company to closely monitor and analyze the factors contributing to this downward trend, such as changes in input costs, pricing strategies, and efficiency in production processes. Management should proactively take steps to address any issues impacting the gross profit margin to ensure sustainable profitability in the long term.
Peer comparison
Dec 31, 2023