Plexus Corp (PLXS)

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	381,495	394,554	404,943	404,915	378,432	347,229	319,091	299,523	314,015	323,296	333,519	342,350	312,793	312,706	301,305	289,454	298,645	291,838	287,353	284,144
Revenue (ttm)	US$ in thousands	7,183,180	7,408,040	7,611,580	7,540,780	8,274,130	7,722,450	7,163,770	6,826,830	6,806,620	6,834,190	6,966,280	6,170,144	5,153,548	4,322,097	3,287,362	4,058,528	4,895,824	5,610,985	5,571,968	4,666,883
Gross profit margin		5.31%	5.33%	5.32%	5.37%	4.57%	4.50%	4.45%	4.39%	4.61%	4.73%	4.79%	5.55%	6.07%	7.24%	9.17%	7.13%	6.10%	5.20%	5.16%	6.09%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $381,495K ÷ $7,183,180K
= 5.31%

The gross profit margin of Plexus Corp has shown fluctuations over the past few quarters. In the most recent quarter, ending December 31, 2023, the gross profit margin was 5.31%, which was consistent with the margins seen in the previous quarters. However, it is important to note that the gross profit margin has decreased from the peak levels seen in the first half of 2021, where margins were as high as 9.17% in June 2021.

Overall, the trend indicates that the gross profit margin has been gradually decreasing since the peak in mid-2021. This may suggest that Plexus Corp is facing challenges in maintaining profitability levels, possibly due to factors such as increased costs or pricing pressures. Further analysis of the company's cost structure and pricing strategies would be necessary to understand the drivers behind these changes in gross profit margin. It would be prudent for stakeholders to closely monitor this trend to assess its impact on Plexus Corp's overall financial performance and sustainability.