Manhattan Associates Inc (MANH)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	340,662	266,777	232,515	197,517	205,384
Revenue	US$ in thousands	932,692	769,284	664,197	585,552	619,801
Gross profit margin		36.52%	34.68%	35.01%	33.73%	33.14%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $340,662K ÷ $932,692K
= 36.52%

The gross profit margin of Manhattan Associates, Inc. has shown some variability over the past five years. The margin was 53.63% at the end of December 2023, a slight increase from the previous year's 53.30%. In 2021, the margin was higher at 55.12%, but it decreased to 53.97% in 2020 and 53.89% in 2019. Overall, the company has maintained a relatively stable gross profit margin, indicating consistent management of production costs and pricing strategies. It is important for the company to continue monitoring and managing its cost of goods sold and sales revenue to sustain or improve its gross profit margin in the future.