Xpel Inc (XPEL)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 162,415 | 152,529 | 146,766 | 135,755 | 127,512 | 121,154 | 109,842 | 102,106 | 92,675 | 83,946 | 75,522 | 62,014 | 54,025 | 50,523 | 46,766 | 45,653 |
| Revenue (ttm) | US$ in thousands | 395,362 | 367,671 | 354,472 | 335,716 | 322,032 | 313,502 | 292,841 | 278,485 | 258,608 | 237,501 | 215,221 | 182,193 | 158,356 | 149,325 | 138,728 | 133,070 |
| Gross profit margin | 41.08% | 41.49% | 41.40% | 40.44% | 39.60% | 38.65% | 37.51% | 36.66% | 35.84% | 35.35% | 35.09% | 34.04% | 34.12% | 33.83% | 33.71% | 34.31% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $162,415K ÷ $395,362K
= 41.08%
The gross profit margin of XPEL Inc has been showing a generally upward trend over the past eight quarters, reflecting an improvement in the company's ability to generate profits from its core operations. The margins have ranged from 36.56% in Q1 2022 to 41.31% in Q3 2023. This indicates a consistent increase in profitability over time. The highest margin of 41.31% in Q3 2023 suggests that the company is effectively managing its costs and pricing strategies to enhance its profitability. Overall, the increasing trend in gross profit margin demonstrates the company's ability to efficiently control production costs and generate higher revenues from its products and services.