Standard Motor Products Inc (SMP)

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 421,121 401,665 395,059 387,081 388,826 396,860 388,884 383,966 382,539 381,645 380,066 382,987 376,931 382,415 384,958 350,044 336,655 315,345 299,685 324,232
Revenue (ttm) US$ in thousands 1,463,849 1,411,253 1,398,401 1,361,647 1,358,272 1,375,715 1,370,675 1,377,012 1,371,815 1,373,493 1,362,430 1,345,094 1,298,816 1,271,677 1,244,976 1,150,839 1,128,588 1,087,102 1,051,216 1,108,449
Gross profit margin 28.77% 28.46% 28.25% 28.43% 28.63% 28.85% 28.37% 27.88% 27.89% 27.79% 27.90% 28.47% 29.02% 30.07% 30.92% 30.42% 29.83% 29.01% 28.51% 29.25%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $421,121K ÷ $1,463,849K
= 28.77%

Standard Motor Products Inc's gross profit margin has shown fluctuations over the past five years, ranging from a low of 27.79% on September 30, 2022, to a high of 30.92% on June 30, 2021. The gross profit margin measures the percentage of revenue that exceeds the cost of goods sold, indicating the company's efficiency in managing production costs.

Overall, the trend in the gross profit margin has been somewhat volatile, with fluctuations occurring in each reporting period. While the margin has generally stayed within the range of 27.79% to 30.92%, there is evidence of some degree of inconsistency in the company's ability to consistently generate profits from its sales after accounting for production costs.

It is important for Standard Motor Products Inc to monitor and analyze its gross profit margin closely as it directly impacts the company's profitability. Any significant declines in the margin could signal challenges in controlling production costs, pricing strategies, or changes in the competitive landscape that may affect the company's ability to generate profits.