Trimble Inc (TRMB)
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 | 2,332,800 | 2,258,600 | 2,183,800 | 2,116,800 | 2,105,600 | 2,114,000 | 2,103,100 | 2,091,000 | 2,034,700 | 1,991,700 | 1,926,900 | 1,807,200 | 1,754,900 | 1,746,400 | 1,728,700 | 1,783,600 | 1,780,900 | 1,756,100 | 1,761,000 | 1,723,100 |
| Revenue (ttm) | US$ in thousands | 3,821,600 | 3,586,900 | 3,546,200 | 3,630,100 | 3,685,300 | 3,811,000 | 3,837,100 | 3,750,500 | 3,659,400 | 3,563,400 | 3,454,800 | 3,244,700 | 3,152,000 | 3,148,700 | 3,140,200 | 3,260,800 | 3,271,300 | 3,253,700 | 3,264,600 | 3,172,700 |
| Gross profit margin | 61.04% | 62.97% | 61.58% | 58.31% | 57.14% | 55.47% | 54.81% | 55.75% | 55.60% | 55.89% | 55.77% | 55.70% | 55.68% | 55.46% | 55.05% | 54.70% | 54.44% | 53.97% | 53.94% | 54.31% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,332,800K ÷ $3,821,600K
= 61.04%
Trimble Inc's gross profit margin has shown a generally increasing trend over the past five quarters, from 54.44% in March 2020 to 61.04% in December 2023. This indicates that the company has been able to effectively manage its cost of goods sold and maintain healthy margins on its products and services. The most recent gross profit margin of 61.04% suggests that Trimble Inc is generating a significant profit on its sales revenue after accounting for the direct costs associated with production. Overall, the improving trend in gross profit margin reflects positively on Trimble Inc's operational efficiency and profitability.
Peer comparison
Dec 31, 2023