Adient PLC (ADNT)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 928,000 | 1,033,000 | 807,000 | 826,000 | 592,000 |
| Revenue | US$ in thousands | 14,688,000 | 15,395,000 | 14,121,000 | 13,680,000 | 12,670,000 |
| Gross profit margin | 6.32% | 6.71% | 5.71% | 6.04% | 4.67% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $928,000K ÷ $14,688,000K
= 6.32%
The gross profit margin of Adient PLC has exhibited fluctuations over the past five years. In the most recent fiscal year ending on September 30, 2024, the gross profit margin was recorded at 6.32%, showing a slight decrease from the previous year. This decline may be indicative of various factors such as changes in costs of goods sold, pricing strategies, or operational efficiencies.
Comparing the data over the last five years, the gross profit margin was relatively stable between 2021 and 2024, hovering between 5.71% and 6.71%. This consistency suggests a certain level of control over production costs and pricing, despite some year-on-year variations.
The improvement seen in 2023, with a gross profit margin of 6.71%, could indicate successful cost management or pricing strategies during that period. Conversely, the decrease in gross profit margin in 2022 to 5.71% may raise concerns about potentially higher costs relative to sales revenue during that particular year.
Overall, while the gross profit margin of Adient PLC has shown fluctuations, it is essential to further investigate the underlying reasons behind these changes to assess the company's operational performance and profitability trends accurately.
Peer comparison
Sep 30, 2024