Polaris Industries Inc (PII)
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 | 1,959,900 | 2,056,000 | 2,106,400 | 2,075,800 | 1,959,500 | 1,788,200 | 1,649,000 | 1,672,000 | 1,799,600 | 1,773,400 | 1,888,000 | 1,723,300 | 1,535,700 | 1,583,544 | 1,485,444 | 1,589,144 | 1,648,744 | 1,616,673 | 1,581,443 | 1,530,219 |
| Revenue (ttm) | US$ in thousands | 8,809,400 | 8,932,200 | 9,036,300 | 8,899,000 | 8,692,600 | 6,350,200 | 5,978,400 | 6,037,000 | 6,031,600 | 8,138,400 | 8,127,000 | 7,514,400 | 6,963,800 | 6,556,070 | 6,370,680 | 6,635,480 | 6,721,750 | 6,613,000 | 6,492,680 | 6,227,300 |
| Gross profit margin | 22.25% | 23.02% | 23.31% | 23.33% | 22.54% | 28.16% | 27.58% | 27.70% | 29.84% | 21.79% | 23.23% | 22.93% | 22.05% | 24.15% | 23.32% | 23.95% | 24.53% | 24.45% | 24.36% | 24.57% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,959,900K ÷ $8,809,400K
= 22.25%
Polaris Inc's gross profit margin has shown some fluctuations over the last eight quarters. The trend indicates a slight decrease from Q2 2022 to Q4 2022, followed by a gradual increase in Q1-Q3 2023. The highest gross profit margin was recorded in Q2 2023 at 23.01%, while the lowest was in Q4 2023 at 21.94%. Overall, the company has managed to maintain its gross profit margin within a relatively narrow range, demonstrating consistent control over the cost of goods sold relative to revenue generated. This stability in gross profit margin reflects Polaris Inc's ability to effectively manage production costs and maintain profitability levels in a competitive market environment.