Pool Corporation (POOL)
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 | 1,660,044 | 1,682,000 | 1,756,956 | 1,855,977 | 1,933,411 | 1,940,056 | 1,878,268 | 1,763,149 | 1,617,091 | 1,533,810 | 1,420,609 | 1,242,405 | 1,130,903 | 1,053,858 | 983,091 | 939,924 | 924,926 | 923,318 | 900,390 | 878,731 |
| Revenue (ttm) | US$ in thousands | 5,541,590 | 5,634,460 | 5,775,390 | 5,973,850 | 6,179,730 | 6,119,370 | 5,915,480 | 5,647,490 | 5,295,580 | 5,099,281 | 4,827,061 | 4,320,081 | 3,936,629 | 3,679,602 | 3,438,872 | 3,279,352 | 3,199,520 | 3,160,368 | 3,073,179 | 3,009,649 |
| Gross profit margin | 29.96% | 29.85% | 30.42% | 31.07% | 31.29% | 31.70% | 31.75% | 31.22% | 30.54% | 30.08% | 29.43% | 28.76% | 28.73% | 28.64% | 28.59% | 28.66% | 28.91% | 29.22% | 29.30% | 29.20% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,660,044K ÷ $5,541,590K
= 29.96%
The gross profit margin of Pool Corporation has exhibited some fluctuations over the past eight quarters. The margin peaked at 31.75% in Q3 2022, followed by a gradual decline to 29.96% in Q4 2023. Overall, there has been a downward trend observed in the gross profit margin over the period under review. This indicates that the company's profitability from its core business operations has been undergoing some challenges or pressures. Further analysis of the factors affecting the cost of goods sold and revenue generation may be necessary to understand the underlying reasons for the variations in the gross profit margin.