Air Products and Chemicals Inc (APD)

Gross profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Gross profit	US$ in thousands	2,862,000	2,496,600	2,302,100	2,242,200	2,998,200
Revenue	US$ in thousands	12,100,600	12,600,000	12,698,600	10,323,000	8,856,300
Gross profit margin		23.65%	19.81%	18.13%	21.72%	33.85%

September 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,862,000K ÷ $12,100,600K
= 23.65%

The gross profit margin of Air Products and Chemicals Inc has fluctuated over the past five years, ranging from 18.13% in September 2022 to 33.85% in September 2020. The margin saw a significant decrease in September 2023 to 19.81% before slightly increasing to 23.65% in September 2024. This indicates the company's ability to generate profits from its core operations relative to its sales revenue. The declining trend in 2022 followed by a recovery in 2024 suggests a potential shift in the company's cost structure or pricing strategies. Further analysis of the factors influencing these fluctuations is advisable to assess the company's operational efficiency and competitiveness in the industry.