Matthews International Corporation (MATW)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 529,707 | 563,186 | 569,654 | 571,095 | 577,672 | 572,115 | 554,675 | 529,571 | 522,278 | 515,086 | 531,479 | 547,971 | 541,832 | 540,092 | 523,787 | 507,540 | 497,769 | 504,040 | 520,265 | 531,782 |
| Revenue (ttm) | US$ in thousands | 1,795,737 | 1,829,210 | 1,873,285 | 1,881,642 | 1,880,896 | 1,857,855 | 1,807,666 | 1,773,064 | 1,762,403 | 1,744,115 | 1,750,776 | 1,722,952 | 1,671,030 | 1,631,331 | 1,562,373 | 1,520,019 | 1,498,306 | 1,491,571 | 1,511,443 | 1,528,043 |
| Gross profit margin | 29.50% | 30.79% | 30.41% | 30.35% | 30.71% | 30.79% | 30.68% | 29.87% | 29.63% | 29.53% | 30.36% | 31.80% | 32.43% | 33.11% | 33.53% | 33.39% | 33.22% | 33.79% | 34.42% | 34.80% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $529,707K ÷ $1,795,737K
= 29.50%
The gross profit margin of Matthews International Corporation has shown a declining trend over the past few quarters. It decreased from 34.80% in the fourth quarter of 2019 to 29.50% in the third quarter of 2024. This indicates that the company's efficiency in generating profits from its core business activities has been weakening.
The fluctuations in the gross profit margin suggest potential challenges in managing production costs, pricing strategies, or changes in the sales mix. It is essential for the company to closely monitor and address these factors to improve its profitability.
Further analysis would be necessary to understand the specific drivers behind the fluctuating gross profit margin and to determine the effectiveness of the company's cost control measures and pricing strategies. Additionally, comparing the gross profit margin with industry benchmarks and competitors could provide valuable insights into Matthews International Corporation's performance relative to its peers.