Sanmina Corporation (SANM)

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	708,665	743,211	742,012	720,989	676,295	622,206	580,016	554,421	528,911	527,965	549,857	544,740	531,176	525,707	515,480	531,802	577,483	591,938	571,317	542,058
Revenue (ttm)	US$ in thousands	8,427,300	8,913,590	9,094,690	8,915,390	8,514,240	7,922,760	7,348,510	6,984,030	6,759,880	6,753,930	6,978,280	6,979,700	6,875,450	6,960,370	6,977,620	7,349,930	7,886,020	8,233,870	8,218,000	8,004,370
Gross profit margin		8.41%	8.34%	8.16%	8.09%	7.94%	7.85%	7.89%	7.94%	7.82%	7.82%	7.88%	7.80%	7.73%	7.55%	7.39%	7.24%	7.32%	7.19%	6.95%	6.77%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $708,665K ÷ $8,427,300K
= 8.41%

The gross profit margin of Sanmina Corporation has shown a generally increasing trend over the past few quarters, indicating improved profitability in generating revenue after accounting for the cost of goods sold. The margin has fluctuated within a narrow range between 6.77% to 8.41% over the last five years, with a recent uptick observed in the most recent quarter ending December 31, 2023. This demonstrates the company's ability to control production costs and potentially enhance pricing strategies, leading to a more efficient utilization of resources and higher gross profit margins. It will be essential to continue monitoring this trend to assess the sustainability of these improvements and their impact on the company's overall financial performance.