L3Harris Technologies Inc (LHX)
Gross profit margin
| Jun 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 244,000 | 285,000 | 490,000 | 513,000 | -79,000 | 45,000 | 173,000 | -229,000 | 691,000 | 846,000 | 894,000 | 1,850,000 | 1,456,000 | 919,000 | 561,000 | 887,000 | 1,059,000 | 1,713,000 | 2,264,000 | 1,678,000 |
| Revenue (ttm) | US$ in thousands | 20,087,000 | 19,568,000 | 18,902,000 | 18,236,000 | 17,656,000 | 17,116,000 | 16,782,000 | 16,590,000 | 16,603,000 | 17,318,000 | 17,769,000 | 18,027,000 | 18,239,000 | 17,836,000 | 17,910,000 | 17,934,000 | 15,359,000 | 12,664,000 | 9,727,000 | 6,633,000 |
| Gross profit margin | 1.21% | 1.46% | 2.59% | 2.81% | -0.45% | 0.26% | 1.03% | -1.38% | 4.16% | 4.89% | 5.03% | 10.26% | 7.98% | 5.15% | 3.13% | 4.95% | 6.89% | 13.53% | 23.28% | 25.30% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $244,000K ÷ $20,087,000K
= 1.21%
The gross profit margin of L3Harris Technologies Inc has fluctuated significantly over the periods shown in the table. It indicates the company's ability to generate revenue after deducting the cost of goods sold.
The gross profit margin was negative in some periods, suggesting that the company's cost of goods sold exceeded its revenue during those times. However, on a positive note, the gross profit margin has generally demonstrated a positive trend over the past few quarters, with some periods showing substantial improvements.
The highest gross profit margins were observed in the earlier periods, notably in September 2019 and June 2019, indicating strong revenue generation relative to the cost of goods sold. However, the margins have decreased in recent periods but seem to be stabilizing, albeit at lower levels compared to historical highs.
It is important for stakeholders to monitor this trend closely as the gross profit margin is a critical indicator of the company's operational efficiency and profitability. Any sustained improvements or declines in the gross profit margin could have significant implications for L3Harris Technologies Inc's financial performance and overall health.
Peer comparison
Jun 30, 2024