AGCO Corporation (AGCO)
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 | 3,777,400 | 3,735,200 | 3,540,100 | 3,224,900 | 3,001,300 | 2,743,400 | 2,631,200 | 2,633,100 | 2,572,300 | 2,485,200 | 2,437,200 | 2,177,500 | 2,057,500 | 1,975,400 | 1,846,900 | 1,978,100 | 1,984,300 | 2,009,500 | 2,033,000 | 2,025,400 |
| Revenue (ttm) | US$ in thousands | 14,407,800 | 18,393,300 | 21,184,200 | 23,251,800 | 25,289,800 | 23,806,900 | 23,015,000 | 22,886,900 | 22,269,900 | 21,391,700 | 20,934,100 | 19,185,200 | 18,284,400 | 12,873,900 | 12,094,900 | 12,926,600 | 13,061,500 | 18,200,000 | 18,410,000 | 18,624,800 |
| Gross profit margin | 26.22% | 20.31% | 16.71% | 13.87% | 11.87% | 11.52% | 11.43% | 11.50% | 11.55% | 11.62% | 11.64% | 11.35% | 11.25% | 15.34% | 15.27% | 15.30% | 15.19% | 11.04% | 11.04% | 10.87% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,777,400K ÷ $14,407,800K
= 26.22%
AGCO Corp.'s gross profit margin has shown a generally improving trend over the past four quarters, with Q4 2023 exhibiting the highest margin at 26.21% compared to Q1 2023 at 24.25%. This indicates an increasing efficiency in managing production costs and pricing strategies to generate profit from sales. The company has seen a steady progression in its gross profit margin since Q1 2022, which was at 23.01%. This indicates that AGCO Corp. has been able to effectively control its cost of goods sold and maintain healthy margins on its products. The consistent improvement in gross profit margin reflects positively on the company's operational performance and ability to generate profits from its core business activities.
Peer comparison
Dec 31, 2023