ON Semiconductor Corporation (ON)

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	3,883,500	3,962,100	3,989,700	4,033,400	4,077,200	3,888,900	3,551,400	3,154,400	2,714,300	2,379,700	2,100,100	1,834,300	1,715,800	1,703,900	1,737,900	1,862,600	1,973,600	2,057,600	2,179,000	2,235,000
Revenue (ttm)	US$ in thousands	8,253,000	8,338,500	8,350,300	8,340,900	8,326,200	8,068,700	7,618,200	7,203,100	6,739,800	6,340,000	5,915,200	5,458,800	5,255,000	5,210,500	5,275,000	5,409,200	5,517,900	5,619,200	5,779,100	5,887,300
Gross profit margin		47.06%	47.52%	47.78%	48.36%	48.97%	48.20%	46.62%	43.79%	40.27%	37.53%	35.50%	33.60%	32.65%	32.70%	32.95%	34.43%	35.77%	36.62%	37.70%	37.96%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,883,500K ÷ $8,253,000K
= 47.06%

The gross profit margin of ON Semiconductor Corp. has exhibited some fluctuations over the past eight quarters. The margin has ranged from a low of 43.79% in Q1 2022 to a high of 48.97% in Q4 2022. Overall, the trend indicates a gradual decrease in the gross profit margin from Q4 2022 to Q4 2023. However, the margin has remained within a relatively narrow range, with the latest reported margin at 47.06% in Q4 2023. This suggests that the company has been able to maintain a consistent level of profitability in relation to its cost of goods sold over the quarters analyzed. Further analysis including industry comparisons and trend analysis would provide more insights into the company's competitiveness and efficiency in managing its production costs.