Gentherm Inc (THRM)

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	351,624	325,136	319,278	290,667	273,650	271,204	260,239	280,075	303,631	328,966	342,184	289,706	268,104	241,029	233,116	279,095	288,335	293,533	294,545	298,923
Revenue (ttm)	US$ in thousands	1,448,509	1,428,068	1,388,525	1,281,481	1,193,283	1,106,858	1,024,469	1,025,636	1,044,506	1,083,664	1,096,100	964,238	903,018	845,665	833,218	941,502	976,202	1,001,836	1,016,668	1,043,099
Gross profit margin		24.27%	22.77%	22.99%	22.68%	22.93%	24.50%	25.40%	27.31%	29.07%	30.36%	31.22%	30.05%	29.69%	28.50%	27.98%	29.64%	29.54%	29.30%	28.97%	28.66%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $351,624K ÷ $1,448,509K
= 24.27%

The gross profit margin of Gentherm Inc has shown a fluctuating trend over the past eight quarters. In the most recent quarter, Q4 2023, the gross profit margin was 23.93%, a slight increase from the previous quarter but lower compared to Q3 2022. The highest gross profit margin over this period was recorded in Q1 2022 at 27.32%.

Overall, the gross profit margin has experienced a gradual decline since Q1 2022, with some quarterly variations along the way. This trend suggests potential changes in the cost of goods sold or pricing strategies employed by the company. Further analysis of the underlying factors influencing the gross profit margin could provide valuable insights into Gentherm Inc's operational efficiency and profitability.