Adient PLC (ADNT)
Gross profit margin
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 928,000 | 933,000 | 1,028,000 | 1,048,000 | 1,033,000 | 1,066,000 | 937,000 | 865,000 | 807,000 | 561,000 | 538,000 | 658,000 | 826,000 | 1,034,000 | 731,000 | 670,000 | 592,000 | 560,000 | 924,000 | 884,000 |
| Revenue (ttm) | US$ in thousands | 14,688,000 | 14,855,000 | 15,194,000 | 15,356,000 | 15,395,000 | 15,316,000 | 14,746,000 | 14,340,000 | 14,121,000 | 13,242,000 | 12,999,000 | 13,312,000 | 13,680,000 | 14,506,000 | 12,890,000 | 12,582,000 | 12,670,000 | 12,994,000 | 15,587,000 | 16,304,000 |
| Gross profit margin | 6.32% | 6.28% | 6.77% | 6.82% | 6.71% | 6.96% | 6.35% | 6.03% | 5.71% | 4.24% | 4.14% | 4.94% | 6.04% | 7.13% | 5.67% | 5.33% | 4.67% | 4.31% | 5.93% | 5.42% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $928,000K ÷ $14,688,000K
= 6.32%
The gross profit margin of Adient PLC has experienced fluctuations over the period under review. The margin has ranged from a low of 4.14% in June 2022 to a high of 7.13% in June 2021. Overall, the trend has shown some variability, with ups and downs in different quarters.
In the most recent quarter, ending September 30, 2024, the gross profit margin stood at 6.32%, showing a slight increase from the previous quarter's 6.28%. This uptick may indicate a positive trend in the company's ability to generate profit from its core business operations.
It's important to note that the gross profit margin is a key metric for assessing a company's profitability and efficiency in managing its production costs. A higher gross profit margin indicates that a company is able to generate more profit from its core business activities. Adient PLC's management should continue to monitor and analyze the factors influencing its gross profit margin to ensure sustainable and profitable operations moving forward.
Peer comparison
Sep 30, 2024