ManpowerGroup Inc (MAN)

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	3,358,000	3,422,900	3,479,500	3,538,400	3,572,400	3,623,100	3,597,600	3,536,500	3,407,500	3,280,100	3,152,200	2,868,800	2,824,700	2,885,400	3,000,600	3,294,300	3,375,100	3,395,800	3,446,100	3,498,400
Revenue (ttm)	US$ in thousands	18,813,000	18,997,000	19,134,800	19,366,000	19,762,200	20,347,600	20,690,800	20,895,400	20,680,400	20,363,000	19,806,800	18,271,300	17,964,500	18,106,200	18,765,700	20,396,800	20,823,700	21,020,300	26,617,800	32,562,200
Gross profit margin		17.85%	18.02%	18.18%	18.27%	18.08%	17.81%	17.39%	16.92%	16.48%	16.11%	15.91%	15.70%	15.72%	15.94%	15.99%	16.15%	16.21%	16.15%	12.95%	10.74%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,358,000K ÷ $18,813,000K
= 17.85%

ManpowerGroup's gross profit margin has shown fluctuating trends over the past eight quarters. In Q4 2023, the gross profit margin was 17.75%, which decreased slightly compared to the previous quarter. However, it is higher than the levels observed in Q2 and Q1 2023.

Looking at the trend over the past year, there seems to be some variability in the gross profit margin, with peaks and troughs occurring throughout the quarters. The highest gross profit margin was recorded in Q1 2023 at 18.20%, while the lowest was in Q1 2022 at 16.89%.

Overall, ManpowerGroup's gross profit margin has shown some volatility, which may be influenced by various factors such as changes in revenue, cost of goods sold, and operational efficiency. Further analysis and comparison with industry benchmarks could provide more insights into the company's performance in this aspect.