TE Connectivity Ltd (TEL)
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 | 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 | 4,394,000 | 4,524,000 | 4,601,000 |
| Revenue (ttm) | US$ in thousands | 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 | 13,393,000 | 13,602,000 | 13,965,000 |
| Gross profit margin | 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% | 32.81% | 33.26% | 32.95% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,192,000K ÷ $15,947,000K
= 32.56%
TE Connectivity Ltd's gross profit margin has shown fluctuation over the past few quarters. The company's gross profit margin ranged from as low as 30.78% in Jun 2020 to as high as 33.26% in Mar 2019. In the most recent quarter, Dec 2023, the gross profit margin stands at 32.56%.
Overall, TE Connectivity Ltd has maintained a gross profit margin within the range of 30% to 33% over the past few years. The downward trend in gross profit margin from Mar 2019 to Jun 2021 was followed by an upward trend from Mar 2021 to Mar 2022. However, there has been some variability in the margins since then.
It is important for the company to closely monitor and manage its cost of sales and pricing strategy to ensure the profitability of its operations. Further analysis of the factors contributing to these fluctuations in gross profit margin would provide valuable insights into the financial performance and efficiency of TE Connectivity Ltd.
Peer comparison
Dec 31, 2023