Lumentum Holdings Inc (LITE)
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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 251,500 | 289,800 | 342,300 | 444,500 | 569,000 | 661,100 | 716,300 | 757,600 | 788,600 | 769,700 | 787,500 | 809,600 | 783,100 | 756,000 | 728,700 | 688,200 | 650,200 | 601,300 | 531,900 | 467,600 |
| Revenue (ttm) | US$ in thousands | 2,717,600 | 1,391,000 | 1,408,200 | 1,548,200 | 1,739,700 | 1,773,200 | 1,774,200 | 1,706,700 | 1,645,500 | 1,617,600 | 1,645,000 | 1,678,600 | 1,678,000 | 1,654,700 | 1,639,500 | 1,616,400 | 1,617,500 | 1,669,900 | 1,714,900 | 1,648,500 |
| Gross profit margin | 9.25% | 20.83% | 24.31% | 28.71% | 32.71% | 37.28% | 40.37% | 44.39% | 47.92% | 47.58% | 47.87% | 48.23% | 46.67% | 45.69% | 44.45% | 42.58% | 40.20% | 36.01% | 31.02% | 28.37% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $251,500K ÷ $2,717,600K
= 9.25%
The gross profit margin of Lumentum Holdings Inc has shown a decreasing trend over the most recent quarters, indicating a decline in the percentage of revenue retained after accounting for the cost of goods sold. The margin has decreased from 9.25% in Jun 30, 2024, to 20.83% in Mar 31, 2024, and further to 24.31% in Dec 31, 2023. The company experienced its highest gross profit margin of 48.23% in Dec 31, 2021, followed by a gradual decline in the margin in subsequent periods.
The declining trend in the gross profit margin could suggest challenges in managing production costs or pricing strategies. It is essential for the company to closely monitor its cost structure and product pricing to maintain profitability and operational efficiency. Additionally, competition, changes in input costs, and market dynamics could also be factors influencing the gross profit margin of Lumentum Holdings Inc.
Peer comparison
Jun 30, 2024