Rush Enterprises A Inc (RUSHA)

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	1,593,090	1,593,127	1,580,120	1,540,488	1,487,159	1,395,461	1,296,358	1,192,924	1,092,298	1,034,074	964,231	885,780	875,467	873,722	926,038	1,003,213	1,025,628	1,050,030	1,034,319	1,008,190
Revenue (ttm)	US$ in thousands	7,925,020	7,778,500	7,662,050	7,450,240	7,101,670	6,530,530	5,932,760	5,457,540	5,126,150	5,082,550	4,994,600	4,681,090	4,735,940	4,785,440	5,206,130	5,748,180	5,809,840	6,032,580	5,809,460	5,613,730
Gross profit margin		20.10%	20.48%	20.62%	20.68%	20.94%	21.37%	21.85%	21.86%	21.31%	20.35%	19.31%	18.92%	18.49%	18.26%	17.79%	17.45%	17.65%	17.41%	17.80%	17.96%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,593,090K ÷ $7,925,020K
= 20.10%

The gross profit margin of Rush Enterprises A Inc has shown some fluctuation over the past years, ranging from a low of 17.45% in March 2020 to a high of 21.86% in March 2022. The general trend indicates a gradual increase in gross profit margin from 2019 to 2022, followed by a slight decline in more recent quarters. Despite the fluctuations, the company has managed to maintain an average gross profit margin of around 20%, which suggests a consistent ability to generate profits from its core business activities. Further analysis of the underlying factors influencing these fluctuations, such as changes in sales revenue, cost of goods sold, and pricing strategies, would provide additional insights into the financial performance of Rush Enterprises A Inc.