Taylor Morn Home (TMHC)

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	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	824,090	834,269	822,194	767,131
Revenue (ttm)	US$ in thousands	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	4,762,062	4,753,472	4,684,752	4,400,150
Gross profit margin		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%	17.31%	17.55%	17.55%	17.43%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,783,073K ÷ $7,417,820K
= 24.04%

Taylor Morrison Home Corp.'s gross profit margin has displayed some fluctuation over the past eight quarters. The trend shows a slight decline from Q1 2022 to Q2 2022, followed by a steady increase before a peak in Q1 2023. However, a slight decrease was observed in the most recent quarter, Q4 2023. Overall, the company has maintained a gross profit margin ranging from 21.40% to 25.65% during this period. It is essential for the company to closely monitor its cost of goods sold and revenue generation strategies to ensure sustainable profitability in the long term.