LKQ Corporation (LKQ)
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 | 5,575,000 | 5,399,000 | 5,285,000 | 5,238,000 | 5,223,000 | 5,269,000 | 5,337,000 | 5,385,000 | 5,322,000 | 5,222,580 | 5,077,120 | 4,673,120 | 4,593,000 | 4,619,430 | 4,621,220 | 4,857,410 | 4,851,790 | 4,817,590 | 4,814,460 | 4,729,150 |
| Revenue (ttm) | US$ in thousands | 13,866,000 | 13,366,000 | 12,902,000 | 12,795,000 | 12,794,000 | 12,979,000 | 13,172,000 | 13,266,000 | 13,089,000 | 12,857,060 | 12,607,740 | 11,799,060 | 11,629,000 | 11,684,800 | 11,784,890 | 12,406,740 | 12,506,100 | 12,499,020 | 12,473,630 | 12,256,210 |
| Gross profit margin | 40.21% | 40.39% | 40.96% | 40.94% | 40.82% | 40.60% | 40.52% | 40.59% | 40.66% | 40.62% | 40.27% | 39.61% | 39.50% | 39.53% | 39.21% | 39.15% | 38.80% | 38.54% | 38.60% | 38.59% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,575,000K ÷ $13,866,000K
= 40.21%
The gross profit margin of LKQ Corp has been relatively stable over the past several quarters, ranging from 40.21% to 40.96%. This consistent performance indicates the company's ability to effectively manage its production costs and pricing strategies. The slight fluctuations in the gross profit margin from quarter to quarter are likely reflective of varying factors such as changes in input costs, selling prices, or sales volumes. Overall, the average gross profit margin of around 40.60% demonstrates LKQ Corp's efficiency in generating profit from its sales after accounting for direct production costs.