Titan International Inc (TWI)

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	305,849	324,220	345,780	369,538	360,710	346,530	319,189	271,006	237,542	200,918	171,943	140,340	114,319	106,760	102,543	110,984	129,004	147,361	163,965	183,969
Revenue (ttm)	US$ in thousands	1,783,068	1,913,292	2,040,465	2,131,996	2,134,021	2,121,127	2,038,908	1,900,559	1,762,714	1,611,529	1,464,134	1,321,222	1,231,573	1,201,559	1,240,856	1,334,958	1,427,099	1,488,712	1,531,408	1,568,067
Gross profit margin		17.15%	16.95%	16.95%	17.33%	16.90%	16.34%	15.65%	14.26%	13.48%	12.47%	11.74%	10.62%	9.28%	8.89%	8.26%	8.31%	9.04%	9.90%	10.71%	11.73%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $305,849K ÷ $1,783,068K
= 17.15%

Titan International, Inc.'s gross profit margin has shown relatively stable performance over the past eight quarters, ranging from 14.02% to 17.09%. The company has generally maintained a gross profit margin above 15%, indicating that it is effectively managing its cost of goods sold relative to its revenue. The slight fluctuations in the gross profit margin suggest that Titan International may be experiencing some variability in its production costs or pricing strategies. Overall, the company's ability to consistently generate gross profit margins above 15% reflects a decent level of operational efficiency and profitability in its core business activities.