Sonos Inc (SONO)
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 | 689,375 | 714,412 | 694,533 | 714,113 | 716,491 | 712,536 | 716,622 | 764,038 | 796,366 | 839,198 | 841,211 | 827,953 | 809,993 | 804,598 | 736,528 | 643,761 | 571,956 | 534,691 | 542,270 | 559,674 |
| Revenue (ttm) | US$ in thousands | 1,525,344 | 1,574,985 | 1,550,921 | 1,602,554 | 1,672,523 | 1,683,666 | 1,682,367 | 1,777,975 | 1,752,335 | 1,795,584 | 1,802,473 | 1,735,641 | 1,716,744 | 1,697,042 | 1,567,320 | 1,409,095 | 1,327,065 | 1,281,388 | 1,292,557 | 1,328,006 |
| Gross profit margin | 45.19% | 45.36% | 44.78% | 44.56% | 42.84% | 42.32% | 42.60% | 42.97% | 45.45% | 46.74% | 46.67% | 47.70% | 47.18% | 47.41% | 46.99% | 45.69% | 43.10% | 41.73% | 41.95% | 42.14% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $689,375K ÷ $1,525,344K
= 45.19%
Sonos Inc's gross profit margin has shown fluctuations over the past several quarters. The trend indicates that the company's ability to generate profit from its core business operations has varied over time. The gross profit margin has ranged from a low of 41.73% in March 2020 to a high of 47.70% in March 2022. Generally, the gross profit margin has been above 40% consistently, with some quarters performing better than others.
The upward trends in the gross profit margin in 2021 and early 2022 suggest improvements in the company's cost management and pricing strategies. However, a slight decline from the peak in March 2022 to September 2022 may indicate increased costs or pricing pressures. The subsequent increase in the gross profit margin in the following quarters shows some resilience in maintaining profitability.
Overall, Sonos Inc's gross profit margin remains relatively healthy, hovering around 40% to 47% throughout the periods analyzed. Investors and stakeholders may further investigate the underlying factors contributing to the fluctuation in the gross profit margin to assess the company's operational efficiency and profitability sustainability.
Peer comparison
Sep 30, 2024