Resideo Technologies Inc (REZI)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,696,000 | 1,704,000 | 1,717,000 | 1,748,000 | 1,766,000 | 1,737,000 | 1,728,000 | 1,647,000 | 1,577,000 | 1,598,000 | 1,547,000 | 1,397,000 | 1,313,000 | 1,203,000 | 1,142,000 | 1,229,000 | 1,277,000 | 1,294,000 | 1,332,000 |
| Revenue (ttm) | US$ in thousands | 6,194,000 | 6,209,000 | 6,274,000 | 6,362,000 | 6,308,000 | 6,221,000 | 6,083,000 | 5,875,000 | 5,786,000 | 5,837,000 | 5,720,000 | 5,284,000 | 5,057,000 | 4,860,000 | 4,722,000 | 4,917,000 | 4,937,000 | 4,899,000 | 4,889,000 |
| Gross profit margin | 27.38% | 27.44% | 27.37% | 27.48% | 28.00% | 27.92% | 28.41% | 28.03% | 27.26% | 27.38% | 27.05% | 26.44% | 25.96% | 24.75% | 24.18% | 24.99% | 25.87% | 26.41% | 27.24% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,696,000K ÷ $6,194,000K
= 27.38%
Over the past eight quarters, Resideo Technologies Inc has maintained a relatively stable gross profit margin, ranging from 27.17% to 27.72%. The company has shown resilience in managing its cost of goods sold and generating revenue to sustain its profitability. The slight fluctuations in the gross profit margin indicate efficient cost control and pricing strategies. However, there may be room for improvement in enhancing operational efficiency to potentially increase the gross profit margin further. Overall, the consistency in the gross profit margin reflects Resideo Technologies Inc's ability to manage its production and sales processes effectively.