Insperity Inc (NSP)

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	1,036,803	1,055,754	1,042,376	1,057,605	1,011,233	940,819	894,745	854,431	820,102	817,028	803,582	824,277	806,854	801,240	786,753	740,239	732,934	732,589	728,097	708,906
Revenue (ttm)	US$ in thousands	6,458,730	6,369,930	6,261,170	6,112,150	5,924,610	5,729,730	5,502,310	5,256,290	4,965,620	4,730,930	4,529,360	4,337,107	4,278,987	4,299,447	4,334,627	4,385,160	4,309,370	4,201,036	4,083,718	3,963,225
Gross profit margin		16.05%	16.57%	16.65%	17.30%	17.07%	16.42%	16.26%	16.26%	16.52%	17.27%	17.74%	19.01%	18.86%	18.64%	18.15%	16.88%	17.01%	17.44%	17.83%	17.89%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,036,803K ÷ $6,458,730K
= 16.05%

Insperity Inc's gross profit margin has generally been stable at 100% over the past four quarters in 2023. This indicates that the company is effectively managing its cost of goods sold and generating a high level of gross profit relative to its sales revenue.

However, there was a significant drop in gross profit margin from 81.65% in Q2 2022 to 62.06% in Q1 2022. This decline may suggest potential issues with cost control or pricing strategies during that period.

Overall, the recent trend of consistently high gross profit margins in 2023 is a positive indicator of Insperity Inc's operational efficiency and profitability.