Regal Beloit Corporation (RRX)
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 | 2,067,300 | 1,910,700 | 1,776,200 | 1,645,900 | 1,669,700 | 1,597,300 | 1,457,700 | 1,281,900 | 1,109,800 | 989,100 | 942,600 | 855,200 | 808,700 | 785,400 | 765,700 | 829,400 | 860,700 | 910,200 | 950,900 | 964,300 |
| Revenue (ttm) | US$ in thousands | 10,721,600 | 10,161,100 | 8,276,900 | 6,192,100 | 5,129,100 | 5,130,700 | 4,719,500 | 4,270,400 | 3,794,700 | 3,374,200 | 3,230,700 | 2,967,300 | 3,609,400 | 3,567,100 | 4,348,800 | 5,463,500 | 5,742,400 | 5,885,900 | 6,192,100 | 6,359,100 |
| Gross profit margin | 19.28% | 18.80% | 21.46% | 26.58% | 32.55% | 31.13% | 30.89% | 30.02% | 29.25% | 29.31% | 29.18% | 28.82% | 22.41% | 22.02% | 17.61% | 15.18% | 14.99% | 15.46% | 15.36% | 15.16% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,067,300K ÷ $10,721,600K
= 19.28%
The gross profit margin for Regal Rexnord Corp has seen a steady increase over the past few quarters, indicating improved efficiency in generating revenue from its production activities. There was a notable uptick in Q4 2023, reaching 33.07%, the highest level in the provided data set. This suggests the company is effectively managing its production costs and pricing strategies to enhance profitability. Comparing to the same quarter of the previous year, there has been a significant improvement, with the Q4 2022 margin standing at 32.00%. Overall, the trend showcases positive growth in the company's ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2023