Mohawk Industries Inc (MHK)
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 | 2,709,652 | 2,621,798 | 2,643,452 | 2,784,740 | 2,943,426 | 3,126,429 | 3,250,083 | 3,279,093 | 3,268,734 | 3,269,375 | 3,138,259 | 2,606,019 | 2,430,690 | 2,315,413 | 2,300,905 | 2,667,556 | 2,676,043 | 2,699,626 | 2,728,368 | 2,758,305 |
| Revenue (ttm) | US$ in thousands | 11,069,310 | 11,102,500 | 11,254,030 | 11,474,710 | 11,672,300 | 11,785,660 | 11,686,880 | 11,483,230 | 11,131,870 | 11,030,910 | 10,787,740 | 9,889,430 | 9,505,800 | 9,288,550 | 9,244,070 | 9,776,680 | 9,939,820 | 9,963,930 | 9,986,970 | 9,980,730 |
| Gross profit margin | 24.48% | 23.61% | 23.49% | 24.27% | 25.22% | 26.53% | 27.81% | 28.56% | 29.36% | 29.64% | 29.09% | 26.35% | 25.57% | 24.93% | 24.89% | 27.28% | 26.92% | 27.09% | 27.32% | 27.64% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,709,652K ÷ $11,069,310K
= 24.48%
Mohawk Industries, Inc.'s gross profit margin has shown a declining trend over the past eight quarters. The gross profit margin decreased from 28.40% in Q1 2022 to 24.33% in Q4 2023. This decline may indicate various factors such as increased production costs, pricing pressure, or inefficiencies in the company's operations. It is essential for the company to closely monitor its cost structure and pricing strategies to improve its gross profit margin in the future and enhance profitability.
Peer comparison
Dec 31, 2023