Ultra Clean Holdings Inc (UCTT)

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	277,300	314,700	373,900	424,200	464,900	485,600	475,300	456,800	430,000	378,500	339,000	313,000	291,800	270,500	243,400	217,700	196,800	186,400	173,900	171,800
Revenue (ttm)	US$ in thousands	1,734,500	1,856,200	2,056,200	2,243,400	2,374,200	2,422,900	2,341,600	2,248,100	2,101,600	1,856,100	1,665,700	1,495,300	1,398,600	1,315,400	1,206,400	1,127,000	1,066,200	1,037,200	1,017,000	1,041,800
Gross profit margin		15.99%	16.95%	18.18%	18.91%	19.58%	20.04%	20.30%	20.32%	20.46%	20.39%	20.35%	20.93%	20.86%	20.56%	20.18%	19.32%	18.46%	17.97%	17.10%	16.49%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $277,300K ÷ $1,734,500K
= 15.99%

The gross profit margin of Ultra Clean Holdings Inc has shown a slight fluctuation over the past five years, ranging from a high of 20.93% in March 2021 to a low of 15.99% in December 2023. The company's gross profit margin has been gradually decreasing over the past few quarters, indicating potential challenges in maintaining profitability from its core operations. It is essential for the company to closely monitor its cost of goods sold and pricing strategies to improve efficiency and enhance profitability in the future.