Mesa Laboratories Inc (MLAB)

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	133,250	129,895	129,258	133,535	133,693	100,492	96,354	83,108	73,978	98,714	90,740	88,885	87,014	81,047	75,197	69,498	65,362	62,207	63,038	62,029
Revenue (ttm)	US$ in thousands	216,187	212,874	213,688	219,272	219,080	163,489	163,898	140,989	125,456	163,420	142,896	138,916	133,937	130,181	127,664	121,340	117,687	109,925	104,952	104,281
Gross profit margin		61.64%	61.02%	60.49%	60.90%	61.02%	61.47%	58.79%	58.95%	58.97%	60.41%	63.50%	63.98%	64.97%	62.26%	58.90%	57.28%	55.54%	56.59%	60.06%	59.48%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $133,250K ÷ $216,187K
= 61.64%

The gross profit margin of Mesa Laboratories Inc has exhibited fluctuations over the stated periods, ranging from lows of 55.54% in March 2020 to highs of 64.97% in March 2021. The margin has generally shown a decreasing trend over the last few quarters, with the most recent figure standing at 61.64% in March 2024. Variations in the company's gross profit margin can be influenced by factors such as changes in sales prices, cost of goods sold, and production efficiency. It is vital for the company to closely monitor and manage its gross profit margin to ensure profitability and operational efficiency.