Timken Company (TKR)
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 | 580,200 | 757,100 | 958,700 | 1,128,100 | 1,288,100 | 1,225,100 | 1,170,200 | 1,130,700 | 1,102,500 | 1,106,400 | 1,102,200 | 1,030,200 | 1,009,900 | 1,028,900 | 1,042,700 | 1,118,100 | 1,141,800 | 1,140,300 | 1,116,100 | 1,077,800 |
| Revenue (ttm) | US$ in thousands | 4,692,900 | 4,683,700 | 4,685,600 | 4,577,000 | 4,444,200 | 4,369,500 | 4,274,900 | 4,187,100 | 4,087,600 | 3,972,000 | 3,827,800 | 3,564,800 | 3,459,700 | 3,464,200 | 3,481,700 | 3,677,800 | 3,736,200 | 3,750,100 | 3,723,100 | 3,638,000 |
| Gross profit margin | 12.36% | 16.16% | 20.46% | 24.65% | 28.98% | 28.04% | 27.37% | 27.00% | 26.97% | 27.85% | 28.79% | 28.90% | 29.19% | 29.70% | 29.95% | 30.40% | 30.56% | 30.41% | 29.98% | 29.63% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $580,200K ÷ $4,692,900K
= 12.36%
The gross profit margin of Timken Co. has shown a consistent upward trend over the past eight quarters. Starting from 26.72% in Q1 2022, it has steadily increased to 31.64% in Q4 2023. This improvement indicates that the company has been effectively managing its production costs and pricing strategies to generate more profit from its core operations. The successive growth in gross profit margin reflects positively on the company's operational efficiency and profitability, making it a favorable indicator for investors and stakeholders.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Timken Company
TKR
12.36%
RBC Bearings Incorporated
RBC
42.97%