Mattel Inc (MAT)
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 | 2,583,716 | 2,396,188 | 2,265,132 | 2,324,244 | 2,481,352 | 2,762,972 | 2,758,633 | 2,697,720 | 2,626,662 | 2,578,623 | 2,563,812 | 2,394,718 | 2,238,064 | 2,115,000 | 1,973,699 | 1,996,172 | 1,980,779 | 1,977,195 | 1,903,824 | 1,819,600 |
| Revenue (ttm) | US$ in thousands | 5,304,061 | 5,051,601 | 4,877,681 | 5,012,191 | 5,229,410 | 5,657,040 | 5,646,910 | 5,452,890 | 5,094,018 | 4,905,228 | 4,774,438 | 4,465,397 | 4,366,480 | 4,271,190 | 4,130,860 | 4,267,729 | 4,360,098 | 4,410,678 | 4,359,988 | 4,329,823 |
| Gross profit margin | 48.71% | 47.43% | 46.44% | 46.37% | 47.45% | 48.84% | 48.85% | 49.47% | 51.56% | 52.57% | 53.70% | 53.63% | 51.26% | 49.52% | 47.78% | 46.77% | 45.43% | 44.83% | 43.67% | 42.02% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,583,716K ÷ $5,304,061K
= 48.71%
The gross profit margin for Mattel Inc has shown a gradual downward trend over the past few quarters. From December 2019 to December 2023, the gross profit margin decreased from 44.83% to 48.71%. Despite some fluctuations in between, the general trajectory has been an increase in the gross profit margin until June 2021, followed by a decline.
The company's gross profit margin peaked at 53.70% in June 2021 and has been on a decline since then. The most recent reported gross profit margin of 48.71% for December 2023 is still higher than the levels seen in early 2020.
This trend indicates that Mattel Inc may be experiencing margin pressures or facing challenges in maintaining profitability at the gross level. Further analysis of the company's cost structure and pricing strategy would be necessary to understand the factors driving this trend in the gross profit margin.