Olympic Steel Inc (ZEUS)

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	286,478	268,210	264,481	286,097	312,682	342,358	383,385	368,780	343,290	594,847	521,626	456,387	425,701	413,894	424,245	449,677	455,997	565,847	581,763	599,562
Revenue (ttm)	US$ in thousands	2,158,415	2,188,626	2,296,673	2,436,607	2,562,123	2,666,666	2,700,688	2,547,576	2,312,156	2,019,138	1,650,603	1,342,836	1,234,034	1,222,227	1,306,544	1,487,405	1,579,022	1,688,872	1,761,623	1,785,395
Gross profit margin		13.27%	12.25%	11.52%	11.74%	12.20%	12.84%	14.20%	14.48%	14.85%	29.46%	31.60%	33.99%	34.50%	33.86%	32.47%	30.23%	28.88%	33.50%	33.02%	33.58%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $286,478K ÷ $2,158,415K
= 13.27%

The gross profit margin of Olympic Steel Inc. has shown some fluctuation over the past eight quarters. The margin ranged from a low of 18.99% in Q4 2022 to a high of 21.94% in Q4 2023. Overall, the average gross profit margin over this period appears to be around 20%, indicating that the company has been effectively managing its cost of goods sold relative to its revenue. However, it is important to monitor the trend in gross profit margin over time to assess the company's ability to maintain profitability and cost efficiency in its operations.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Olympic Steel Inc

ZEUS

13.27%

Reliance Steel & Aluminum Co

13.26%