PACCAR Inc (PCAR)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Gross profit (ttm)	US$ in thousands	5,873,900	33,834,500	34,284,800	34,403,000	34,158,400	33,246,900	31,640,200	29,942,400	27,985,300	26,536,400	24,617,400	23,270,500	22,575,300	21,412,500	21,145,200	18,352,000	17,628,700	18,163,700	19,589,600	23,136,800
Revenue (ttm)	US$ in thousands	33,663,800	34,832,900	35,289,400	35,398,400	35,127,400	34,180,300	32,542,800	30,820,400	28,819,700	27,376,300	25,464,200	24,149,400	23,522,300	22,404,800	22,194,000	19,412,300	18,728,500	19,277,100	20,708,100	24,273,800
Gross profit margin		17.45%	97.13%	97.15%	97.19%	97.24%	97.27%	97.23%	97.15%	97.10%	96.93%	96.67%	96.36%	95.97%	95.57%	95.27%	94.54%	94.13%	94.22%	94.60%	95.32%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,873,900K ÷ $33,663,800K
= 17.45%

The gross profit margin of PACCAR Inc has shown a generally increasing trend from March 31, 2020, to December 31, 2024, rising from 95.32% to 97.13%. This indicates that the company has been able to effectively control its production costs and maintain a healthy level of profitability from its sales over the years.

However, there is a significant anomaly in the data for December 31, 2024, where the gross profit margin sharply dropped to 17.45%. This considerable decline could be a result of various factors such as a one-time extraordinary expense, accounting errors, or other exceptional circumstances that impacted the company's profitability in that particular period.

Overall, aside from the anomalous data point in December 31, 2024, PACCAR Inc has managed to consistently improve its gross profit margin over the analyzed period, reflecting positive operational efficiency and profitability in its core business activities.