Manhattan Associates Inc (MANH)

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	340,443	316,395	295,999	279,093	264,318	246,788	246,423	243,816	231,968	294,015	283,665	267,718	266,292	269,406	271,587	274,543	274,998	271,596	268,534	272,816
Revenue (ttm)	US$ in thousands	932,473	886,637	846,297	807,205	766,825	740,588	711,672	685,862	663,650	639,619	620,191	589,707	587,495	593,342	605,860	624,571	617,562	608,999	589,075	576,605
Gross profit margin		36.51%	35.68%	34.98%	34.58%	34.47%	33.32%	34.63%	35.55%	34.95%	45.97%	45.74%	45.40%	45.33%	45.40%	44.83%	43.96%	44.53%	44.60%	45.59%	47.31%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $340,443K ÷ $932,473K
= 36.51%

The gross profit margin of Manhattan Associates, Inc. has shown some fluctuations over the past eight quarters. It ranged from a high of 55.20% in Q1 2022 to a low of 52.75% in Q3 2022. The most recent data for Q4 2023 indicates a gross profit margin of 53.63%. Overall, the company has maintained a relatively stable gross profit margin within the range of 52.75% to 55.20% over the period analyzed. It is essential to further investigate the factors influencing these fluctuations to fully understand the company's performance and profitability.