Taylor Morn Home (TMHC)

Gross profit margin

		Dec 31, 2024	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
Gross profit (ttm)	US$ in thousands	1,984,212	1,912,306	1,772,955	1,800,352	1,783,073	1,890,787	2,057,009	2,098,804	2,092,366	2,044,835	1,879,345	1,666,568	1,547,881	1,288,190	1,205,429	1,120,904	1,044,219	958,825	860,210	849,806
Revenue (ttm)	US$ in thousands	8,168,130	7,831,500	7,386,200	7,455,710	7,417,820	7,890,090	8,249,190	8,183,650	8,224,910	8,238,200	8,062,310	7,786,570	7,501,260	6,553,340	6,394,020	6,201,420	6,129,310	6,038,250	5,443,920	5,182,670
Gross profit margin		24.29%	24.42%	24.00%	24.15%	24.04%	23.96%	24.94%	25.65%	25.44%	24.82%	23.31%	21.40%	20.63%	19.66%	18.85%	18.07%	17.04%	15.88%	15.80%	16.40%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,984,212K ÷ $8,168,130K
= 24.29%

The gross profit margin of Taylor Morn Home has shown a steady improvement over the past five years, indicating efficient cost management and pricing strategies. The margin increased from 16.40% in March 2020 to 24.29% by December 2024.

The company experienced fluctuations in gross profit margin during this period, with some quarters showing minor decreases. However, the overall trend has been positive, with a noticeable upward trajectory. This signifies that Taylor Morn Home has been able to effectively control its costs and generate higher revenues relative to its cost of goods sold.

The improving gross profit margin indicates that Taylor Morn Home has been able to increase its profitability over time, which is a positive sign for the company's financial health and sustainability. This trend suggests that the company has been successful in optimizing its operations and extracting more value from its sales.