Sensata Technologies Holding NV (ST)

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	1,083,538	1,158,994	1,161,436	1,158,640	1,138,395	1,111,046	1,109,131	1,109,190	1,099,081	1,125,811	1,106,907	981,807	926,534	920,192	956,939	1,101,368	1,183,198	1,197,348	1,217,761	1,240,621
Revenue (ttm)	US$ in thousands	3,876,366	3,923,365	3,932,383	3,884,079	3,850,443	3,769,142	3,701,614	3,673,355	3,641,515	3,658,307	3,540,736	3,169,794	3,045,578	2,985,778	3,047,180	3,354,401	3,450,631	3,451,862	3,475,699	3,505,833
Gross profit margin		27.95%	29.54%	29.54%	29.83%	29.57%	29.48%	29.96%	30.20%	30.18%	30.77%	31.26%	30.97%	30.42%	30.82%	31.40%	32.83%	34.29%	34.69%	35.04%	35.39%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,083,538K ÷ $3,876,366K
= 27.95%

The gross profit margin of Sensata Technologies Holding Plc has been relatively stable over the past eight quarters, ranging from 31.11% to 33.47%. The trend indicates a slight decline in recent quarters, with the gross profit margin peaking at 33.47% in Q1 2022 and gradually decreasing to 31.11% in Q4 2023.

While the overall profitability of the company appears to be sound, management should closely monitor the trend in gross profit margin to ensure that costs are effectively managed and pricing strategies remain competitive. Additionally, further analysis of the underlying factors contributing to fluctuations in the gross profit margin could provide valuable insights for strategic decision-making.