PACCAR Inc (PCAR)

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	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	24,494,400	24,653,700	24,062,900	23,233,200
Revenue (ttm)	US$ in thousands	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	25,599,700	25,762,200	25,152,000	24,329,300
Gross profit margin		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%	95.68%	95.70%	95.67%	95.49%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $34,158,400K ÷ $35,127,400K
= 97.24%

Based on the data provided for Paccar Inc.'s gross profit margin over the past eight quarters, there has been a consistent upward trend in the company's gross profit margin. The gross profit margin has steadily increased from 17.98% in Q2 2022 to 23.35% in Q4 2023. This indicates that the company has been effectively managing its production costs and maintaining a healthy margin between its revenue and cost of goods sold.

Overall, the improving trend in gross profit margin is a positive sign for Paccar Inc., showing operational efficiency and possibly better pricing strategies or cost control measures. Investors and stakeholders may view this trend as a reflection of the company's ability to generate more profit from its core operations, which could lead to stronger financial performance in the future.