TE Connectivity Ltd (TEL)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,456,000 | 5,358,000 | 5,271,000 | 5,192,000 | 5,055,000 | 5,119,000 | 5,148,000 | 5,201,000 | 5,244,000 | 5,158,000 | 5,098,000 | 4,971,000 | 4,887,000 | 4,593,000 | 4,032,000 | 3,851,000 | 3,735,000 | 3,818,000 | 4,221,000 | 4,310,000 |
| Revenue (ttm) | US$ in thousands | 15,808,000 | 15,756,000 | 15,755,000 | 15,947,000 | 15,954,000 | 16,279,000 | 16,380,000 | 16,229,000 | 16,215,000 | 15,678,000 | 15,430,000 | 15,166,000 | 14,867,000 | 14,324,000 | 13,028,000 | 12,487,000 | 12,136,000 | 12,175,000 | 13,016,000 | 13,229,000 |
| Gross profit margin | 34.51% | 34.01% | 33.46% | 32.56% | 31.68% | 31.45% | 31.43% | 32.05% | 32.34% | 32.90% | 33.04% | 32.78% | 32.87% | 32.07% | 30.95% | 30.84% | 30.78% | 31.36% | 32.43% | 32.58% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,456,000K ÷ $15,808,000K
= 34.51%
TE Connectivity Ltd's gross profit margin has shown a fluctuating trend over the past few quarters. The gross profit margin has ranged from 30.78% to 34.51% in the most recent quarter. Generally, a higher gross profit margin indicates that the company is able to efficiently produce its products or services at a lower cost.
It is noteworthy that the gross profit margin has been improving overall compared to some previous periods, with a slight increase observed in the most recent quarter. This indicates that TE Connectivity Ltd may be managing its production costs effectively or possibly increasing the pricing of its products to improve profitability.
However, it is essential for the company to continue monitoring and managing its cost of goods sold to ensure sustainable profitability and competitiveness in the market. Further analysis of the factors influencing the changes in the gross profit margin over time could provide more insights into the company's operational efficiency and pricing strategies.
Peer comparison
Sep 30, 2024