TE Connectivity Ltd (TEL)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,055,000 | 5,244,000 | 4,887,000 | 3,735,000 | 4,394,000 |
| Revenue | US$ in thousands | 15,954,000 | 16,215,000 | 14,867,000 | 12,124,000 | 13,380,000 |
| Gross profit margin | 31.68% | 32.34% | 32.87% | 30.81% | 32.84% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,055,000K ÷ $15,954,000K
= 31.68%
TE Connectivity Ltd's gross profit margin has shown fluctuations in recent years. The gross profit margin decreased from 32.84% in 2019 to 30.81% in 2020 before recovering slightly to 32.87% in 2021. However, in the most recent financial year ending September 30, 2023, the gross profit margin decreased to 31.68%. This decline may indicate challenges in managing production costs or pricing pressure on the company's products. It is important for TE Connectivity to closely monitor and address factors impacting its gross profit margin to ensure sustainable profitability in the future.
Peer comparison
Sep 30, 2023
Company name
Symbol
Gross profit margin
TE Connectivity Ltd
TEL
31.68%
Arrow Electronics Inc
ARW
12.53%
Avnet Inc
AVT
11.64%