TE Connectivity Ltd (TEL)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,456,000 | 5,055,000 | 5,244,000 | 4,887,000 | 3,735,000 |
| Revenue | US$ in thousands | 15,845,000 | 15,954,000 | 16,215,000 | 14,867,000 | 12,124,000 |
| Gross profit margin | 34.43% | 31.68% | 32.34% | 32.87% | 30.81% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,456,000K ÷ $15,845,000K
= 34.43%
TE Connectivity Ltd's gross profit margin has shown a generally positive trend over the past five years. From 2020 to 2021, there was a noticeable increase from 30.81% to 32.87%, indicating improved efficiency in generating profits from sales. Although there was a slight decrease in 2022 to 32.34%, the margin remained relatively stable.
Notably, in 2023 and 2024, the gross profit margin continued to increase to 31.68% and 34.43%, respectively. This upward trend suggests that the company has been effectively managing its production costs and maximizing revenue from its core operations. Overall, TE Connectivity Ltd's gross profit margin performance reflects a positive trajectory, with a notable improvement in recent years.
Peer comparison
Sep 30, 2024