Simpson Manufacturing Company Inc (SSD)
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 | 1,043,756 | 1,023,916 | 985,522 | 957,389 | 941,294 | 938,907 | 892,416 | 829,529 | 755,030 | 680,435 | 655,646 | 609,000 | 576,384 | 562,762 | 527,163 | 511,542 | 492,130 | 480,281 | 476,533 | 482,919 |
| Revenue (ttm) | US$ in thousands | 2,207,715 | 2,177,144 | 2,150,806 | 2,146,344 | 2,106,837 | 2,054,135 | 1,897,115 | 1,714,148 | 1,566,618 | 1,445,325 | 1,412,952 | 1,328,784 | 1,265,192 | 1,242,584 | 1,188,145 | 1,167,566 | 1,142,046 | 1,123,770 | 1,098,420 | 1,100,807 |
| Gross profit margin | 47.28% | 47.03% | 45.82% | 44.61% | 44.68% | 45.71% | 47.04% | 48.39% | 48.19% | 47.08% | 46.40% | 45.83% | 45.56% | 45.29% | 44.37% | 43.81% | 43.09% | 42.74% | 43.38% | 43.87% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,043,756K ÷ $2,207,715K
= 47.28%
The gross profit margin of Simpson Manufacturing Co., Inc. has displayed fluctuating trends over the past eight quarters. It peaked at 48.25% in Q1 2022 before gradually decreasing to its lowest point of 44.39% in Q1 2023. Despite some quarterly variations, the gross profit margin generally remained within the range of 44.39% to 48.25% over the period under review. This indicates that the company has been able to maintain a consistent level of profitability relative to its cost of goods sold during this time frame. However, management may want to focus on strategies to stabilize or improve the gross profit margin to enhance overall financial performance and efficiency.
Peer comparison
Dec 31, 2023