Wolfspeed Inc (WOLF)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019
Gross profit (ttm)	US$ in thousands	77,400	139,600	176,900	205,800	248,800	263,100	267,300	267,600	249,300	214,200	194,200	178,500	164,600	149,900	147,200	141,500	158,500	218,100	277,300	345,200
Revenue (ttm)	US$ in thousands	808,400	641,700	715,400	780,300	879,900	881,000	849,900	784,800	699,400	624,100	566,500	539,700	592,900	652,800	734,000	857,800	896,200	941,700	1,000,689	1,165,805
Gross profit margin		9.57%	21.75%	24.73%	26.37%	28.28%	29.86%	31.45%	34.10%	35.64%	34.32%	34.28%	33.07%	27.76%	22.96%	20.05%	16.50%	17.69%	23.16%	27.71%	29.61%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $77,400K ÷ $808,400K
= 9.57%

The gross profit margin of Wolfspeed Inc has shown fluctuations over the past 20 quarters. It decreased from 29.61% in the fourth quarter of 2019 to a low of 9.57% in the first quarter of 2024, before slightly recovering to 21.75% in the second quarter of 2024. The company experienced a gradual decline in gross profit margin from the fourth quarter of 2019 to the first quarter of 2021, where it reached its lowest point at 16.50%.

Subsequently, there was an upward trend in gross profit margin until the second quarter of 2022, peaking at 35.64%. However, there was a slight dip in the gross profit margin in the following quarters, with fluctuations between 27.76% and 31.45% until the first quarter of 2024.

Overall, the gross profit margin has shown variability, indicating changes in the company's ability to generate profits from its core operations. It is essential for Wolfspeed Inc to closely monitor and analyze the factors influencing its gross profit margin to sustain profitability and make informed strategic decisions.