SPX Corp (SPXC)
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 | 296,000 | 401,100 | 489,600 | 569,800 | 523,900 | 491,000 | 453,700 | 431,400 | 431,800 | 426,000 | 422,300 | 409,400 | 395,500 | 415,500 | 429,600 | 448,400 | 441,100 | 432,800 | 414,300 | 403,800 |
| Revenue (ttm) | US$ in thousands | 1,711,900 | 1,685,500 | 1,617,500 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,800 | 1,239,400 | 1,219,500 | 1,217,800 | 1,291,000 | 1,362,800 | 1,440,200 | 1,536,500 | 1,537,400 | 1,536,100 | 1,509,800 | 1,510,200 | 1,507,000 | 1,893,200 |
| Gross profit margin | 17.29% | 23.80% | 30.27% | 36.68% | 35.86% | 35.54% | 34.99% | 34.81% | 35.41% | 34.98% | 32.71% | 30.04% | 27.46% | 27.04% | 27.94% | 29.19% | 29.22% | 28.66% | 27.49% | 21.33% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $296,000K ÷ $1,711,900K
= 17.29%
The gross profit margin of SPX Corp has shown some fluctuations over the past few quarters. In the most recent quarter, Dec 31, 2023, the gross profit margin was 17.29%, a decrease from the previous quarter's 23.80%. This decline may indicate potential challenges in managing costs and maintaining profitability.
Looking back further, we see a trend of fluctuations in the gross profit margin, with some quarters showing increases (e.g., Mar 31, 2023 at 36.68%) and others showing decreases (e.g., Jun 30, 2022 at 34.99%). These variations suggest that SPX Corp's ability to generate profits from its core operations has been inconsistent.
It is important for SPX Corp to closely monitor its cost structures and pricing strategies to ensure that the company can maintain healthy levels of gross profit margin. Analyzing the reasons behind the fluctuations in the gross profit margin can provide valuable insights for strategic decision-making and performance improvement.
Peer comparison
Dec 31, 2023