Air Products and Chemicals Inc (APD)
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 | 2,520,400 | 2,496,600 | 1,740,300 | 1,705,100 | 1,791,100 | 1,660,900 | 2,301,000 | 2,260,200 | 2,239,900 | 2,242,200 | 2,429,400 | 2,560,200 | 2,770,200 | 2,998,200 | 3,037,000 | 3,074,700 | 3,031,500 | 2,914,400 | 2,855,100 | 2,810,700 |
| Revenue (ttm) | US$ in thousands | 12,422,700 | 12,600,000 | 12,978,700 | 13,134,100 | 12,879,100 | 12,698,600 | 11,969,700 | 11,385,100 | 10,942,000 | 10,323,000 | 9,802,000 | 9,262,500 | 8,976,800 | 8,856,300 | 8,819,400 | 8,978,200 | 8,949,600 | 8,918,900 | 8,934,600 | 8,969,600 |
| Gross profit margin | 20.29% | 19.81% | 13.41% | 12.98% | 13.91% | 13.08% | 19.22% | 19.85% | 20.47% | 21.72% | 24.78% | 27.64% | 30.86% | 33.85% | 34.44% | 34.25% | 33.87% | 32.68% | 31.96% | 31.34% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,520,400K ÷ $12,422,700K
= 20.29%
The gross profit margin of Air Products & Chemicals Inc. has shown a generally increasing trend over the past eight quarters, starting at 26.46% in Q3 2022 and reaching 30.55% in Q1 2024. This indicates that the company has been able to improve its efficiency in generating profit from its sales over time.
The increase in gross profit margin can be attributed to various factors such as effective cost management, pricing strategies, and economies of scale. It suggests that the company has been able to maintain a healthy balance between its revenue and cost of goods sold.
Overall, the upward trajectory of Air Products & Chemicals Inc.'s gross profit margin reflects positively on its operational performance and ability to generate profits from its core business activities. It also indicates that the company may be effectively managing its production costs and maintaining competitive pricing strategies in the market.
Peer comparison
Dec 31, 2023
See also:
Air Products and Chemicals Inc Gross Profit Margin (Quarterly Data)