Sanmina Corporation (SANM)
Gross profit margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 640,429 | 642,564 | 672,233 | 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 |
| Revenue (ttm) | US$ in thousands | 7,551,700 | 7,577,960 | 7,933,580 | 8,418,020 | 8,904,310 | 9,085,410 | 8,906,110 | 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 |
| Gross profit margin | 8.48% | 8.48% | 8.47% | 8.42% | 8.35% | 8.17% | 8.10% | 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% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $640,429K ÷ $7,551,700K
= 8.48%
The gross profit margin of Sanmina Corporation has exhibited a generally increasing trend over the past quarters, indicating improved efficiency in generating profits from its revenue. The company's gross profit margin stood at 8.48% as of September 30, 2024, showing consistency compared to the previous quarter at the same level. This suggests that the company is effectively managing its cost of goods sold and maintaining profitability.
Furthermore, the gradual uptrend in gross profit margin from 7.32% in December 2019 to the current level of 8.48% reflects enhanced cost control measures and pricing strategies implemented by the company. The ability to sustain and improve gross profit margin over time signals operational effectiveness and potentially better financial performance.
Overall, the upward trajectory of Sanmina Corporation's gross profit margin signifies its capability to efficiently convert revenue into profits, which can be a positive indicator for investors and stakeholders evaluating the company's financial health and performance.
Peer comparison
Sep 30, 2024