Lumen Technologies Inc (LUMN)
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 | -11,433,000 | -13,809,000 | -13,263,000 | -3,936,000 | -3,318,000 | 3,887,000 | 4,227,000 | 4,321,000 | 4,223,000 | -1,416,000 | -1,659,000 | -1,762,000 | -1,779,000 | 8,181,000 | 8,243,000 | 8,316,000 | -4,634,000 | -4,420,000 | -4,476,000 | -4,685,000 |
| Revenue (ttm) | US$ in thousands | 14,557,000 | 14,840,000 | 15,589,000 | 16,540,000 | 17,478,000 | 18,525,000 | 19,022,000 | 19,334,000 | 19,687,000 | 19,965,000 | 20,245,000 | 20,513,000 | 20,712,000 | 21,157,000 | 21,340,000 | 21,523,000 | 21,722,000 | 21,930,000 | 22,398,000 | 22,925,000 |
| Gross profit margin | -78.54% | -93.05% | -85.08% | -23.80% | -18.98% | 20.98% | 22.22% | 22.35% | 21.45% | -7.09% | -8.19% | -8.59% | -8.59% | 38.67% | 38.63% | 38.64% | -21.33% | -20.16% | -19.98% | -20.44% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-11,433,000K ÷ $14,557,000K
= -78.54%
The gross profit margin of Lumen Technologies Inc has shown a declining trend over the past eight quarters, starting at 56.88% in Q1 2022 and decreasing to 50.92% in Q4 2023. This downward trajectory indicates a reduction in the percentage of revenue retained after accounting for the cost of goods sold. The decreasing trend may suggest challenges in managing production costs or pricing strategies that could be impacting the company's profitability. It is essential for the company to monitor and address factors influencing the gross profit margin to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023