The Andersons Inc (ANDE)
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 | 745,363 | 697,672 | 703,736 | 712,640 | 684,164 | 708,155 | 666,225 | 598,791 | 592,697 | 522,664 | 494,066 | 436,925 | 386,614 | 400,992 | 416,896 | 471,358 | 517,892 | 473,495 | 418,218 | 347,964 |
| Revenue (ttm) | US$ in thousands | 14,750,110 | 16,214,600 | 16,798,230 | 17,228,670 | 17,325,380 | 16,430,590 | 15,210,090 | 13,995,270 | 12,612,040 | 11,337,640 | 10,224,410 | 8,843,350 | 8,064,620 | 7,441,920 | 7,539,090 | 8,009,390 | 8,170,190 | 7,097,252 | 5,800,071 | 4,386,433 |
| Gross profit margin | 5.05% | 4.30% | 4.19% | 4.14% | 3.95% | 4.31% | 4.38% | 4.28% | 4.70% | 4.61% | 4.83% | 4.94% | 4.79% | 5.39% | 5.53% | 5.89% | 6.34% | 6.67% | 7.21% | 7.93% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $745,363K ÷ $14,750,110K
= 5.05%
Andersons Inc.'s gross profit margin has shown fluctuations over the past eight quarters. In the most recent quarter, Q4 2023, the gross profit margin improved slightly to 5.05% compared to the previous quarters. This increase suggests that the company may have effectively managed its production costs and pricing strategies to generate higher margins on sales.
However, it is essential to note that the gross profit margins in the previous quarters were relatively lower, fluctuating between 4.14% and 4.30%. This variability could indicate challenges in controlling the cost of goods sold relative to the revenue generated.
Comparing the latest gross profit margin to the same quarter in the previous year, Q4 2022, Andersons Inc. has made a noticeable improvement from 3.95% to 5.05%. This positive trend indicates potential operational efficiencies or pricing initiatives that have positively impacted the company's profitability on its products or services.
Overall, Andersons Inc.'s gross profit margin analysis highlights both improvements and fluctuations over the past eight quarters, suggesting the need for consistent monitoring of cost management and pricing strategies to maintain or enhance profitability levels.
Peer comparison
Dec 31, 2023