Resideo Technologies Inc (REZI)
Gross profit margin
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,879,000 | 1,762,000 | 1,655,000 | 1,657,000 | 1,684,000 | 1,702,000 | 1,715,000 | 1,746,000 | 1,762,000 | 1,727,000 | 1,713,000 | 1,627,000 | 1,561,000 | 1,588,000 | 1,542,000 | 1,397,000 | 1,313,000 | 1,182,000 | 1,101,000 | 1,161,000 |
| Revenue (ttm) | US$ in thousands | 6,761,000 | 6,440,000 | 6,166,000 | 6,179,000 | 6,242,000 | 6,265,000 | 6,329,000 | 6,413,000 | 6,370,000 | 6,264,000 | 6,142,000 | 5,933,000 | 5,846,000 | 5,893,000 | 5,759,000 | 5,311,000 | 5,071,000 | 4,874,000 | 4,738,000 | 4,951,000 |
| Gross profit margin | 27.79% | 27.36% | 26.84% | 26.82% | 26.98% | 27.17% | 27.10% | 27.23% | 27.66% | 27.57% | 27.89% | 27.42% | 26.70% | 26.95% | 26.78% | 26.30% | 25.89% | 24.25% | 23.24% | 23.45% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,879,000K ÷ $6,761,000K
= 27.79%
Resideo Technologies Inc's gross profit margin has shown a generally increasing trend over the past few years, starting at 23.45% in March 2020 and gradually improving to 27.79% by December 2024. This indicates the company's ability to efficiently generate profit from its sales revenue after accounting for the cost of goods sold. The improvement in gross profit margin suggests that Resideo has been able to effectively manage its production costs and pricing strategies to enhance profitability. However, there was some fluctuation in the margin over the period, with minor declines followed by recoveries. Overall, the upward trend in the gross profit margin reflects positively on the company's operational efficiency and profitability.