Microchip Technology Inc (MCHP)

Gross profit margin

		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	Sep 30, 2019	Jun 30, 2019
Gross profit (ttm)	US$ in thousands	4,995,700	5,725,100	6,075,900	5,946,400	5,697,900	5,399,000	5,081,500	4,751,900	4,449,600	4,156,000	3,848,500	3,588,100	3,378,800	3,265,900	3,205,600	3,225,200	3,242,100	3,248,700	3,242,800	3,104,600
Revenue (ttm)	US$ in thousands	7,634,400	8,541,300	8,944,800	8,763,700	8,438,700	8,050,200	7,638,500	7,215,100	6,820,900	6,443,800	6,038,400	5,698,100	5,438,400	5,297,700	5,233,000	5,261,300	5,274,200	5,277,600	5,364,900	5,459,600
Gross profit margin		65.44%	67.03%	67.93%	67.85%	67.52%	67.07%	66.52%	65.86%	65.23%	64.50%	63.73%	62.97%	62.13%	61.65%	61.26%	61.30%	61.47%	61.56%	60.44%	56.86%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,995,700K ÷ $7,634,400K
= 65.44%

Microchip Technology Inc's gross profit margin has displayed a relatively stable trend over the past few quarters, ranging from 60.44% to 67.93%. The company's gross profit margin peaked at 67.93% in September 2023, before slightly declining to 65.44% in March 2024. This indicates that the company has been able to effectively manage its cost of goods sold and maintain a healthy level of profitability from its core operations. It is important to further investigate the factors contributing to these fluctuations in order to assess the company's overall financial performance and efficiency in generating profits.