Applied Industrial Technologies (AIT)
Gross profit margin
| 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 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,336,653 | 1,318,977 | 1,313,849 | 1,305,264 | 1,286,965 | 1,255,033 | 1,209,239 | 1,158,359 | 1,106,916 | 1,063,273 | 1,023,174 | 975,083 | 935,524 | 880,830 | 870,357 | 902,057 | 937,736 | 986,797 | 1,005,604 | 1,007,230 |
| Revenue (ttm) | US$ in thousands | 4,477,680 | 4,468,470 | 4,448,790 | 4,426,120 | 4,387,880 | 4,290,680 | 4,139,067 | 3,955,317 | 3,784,475 | 3,617,133 | 3,476,550 | 3,348,724 | 3,203,604 | 3,031,543 | 3,023,222 | 3,104,634 | 3,211,463 | 3,367,816 | 3,417,756 | 3,424,973 |
| Gross profit margin | 29.85% | 29.52% | 29.53% | 29.49% | 29.33% | 29.25% | 29.22% | 29.29% | 29.25% | 29.40% | 29.43% | 29.12% | 29.20% | 29.06% | 28.79% | 29.06% | 29.20% | 29.30% | 29.42% | 29.41% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,336,653K ÷ $4,477,680K
= 29.85%
The gross profit margin of Applied Industrial Technologies has shown consistency over the past few quarters, ranging between 28.79% to 29.85%. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue. The slight fluctuations in the gross profit margin can be attributed to changes in pricing strategies, input costs, or sales volume.
Overall, the company has maintained a healthy gross profit margin, which is important for generating profits and covering operating expenses. The stable trend in the gross profit margin suggests that Applied Industrial Technologies has a solid pricing strategy and cost control measures in place.