Plexus Corp (PLXS)

Gross profit margin

		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	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	378,530	367,334	366,565	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
Revenue (ttm)	US$ in thousands	8,027,970	7,967,250	8,076,800	8,280,050	8,504,910	8,708,450	8,637,650	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
Gross profit margin		4.72%	4.61%	4.54%	4.61%	4.64%	4.65%	4.69%	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%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $378,530K ÷ $8,027,970K
= 4.72%

The gross profit margin of Plexus Corp has exhibited a downward trend over the past few quarters, reflecting a decrease in the percentage of revenue retained as gross profit after deducting the cost of goods sold. The margin declined from 9.17% in December 2019 to 4.72% in September 2024. This suggests that the company may be facing challenges such as increasing production costs or pricing pressures. The most recent gross profit margin of 4.72% in September 2024 indicates that Plexus Corp is currently retaining approximately 4.72 cents of gross profit for every dollar of revenue generated. It would be important for the company to closely monitor and address the factors contributing to this declining trend in order to improve profitability and operational efficiency.