Air Products and Chemicals Inc (APD)
Gross profit margin
| Sep 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,653,000 | 2,760,000 | 2,681,000 | 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 |
| Revenue (ttm) | US$ in thousands | 12,100,600 | 12,104,400 | 12,152,800 | 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 |
| Gross profit margin | 30.19% | 22.80% | 22.06% | 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% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,653,000K ÷ $12,100,600K
= 30.19%
Air Products and Chemicals Inc's gross profit margin has shown fluctuations over the past several quarters. The gross profit margin indicates the portion of revenue retained by the company after accounting for the cost of goods sold.
Looking at the trend, the gross profit margin has generally been on an increasing trend since December 2020, with some fluctuations quarter to quarter. The latest reported gross profit margin as of Sep 30, 2024, stands at 30.19%, marking a notable improvement from the previous quarter's margin of 22.80%.
In the most recent period, the company achieved a solid increase in its gross profit margin, which could be attributed to various factors such as effective cost management, pricing strategies, or operational efficiencies. This improvement suggests that Air Products and Chemicals Inc has been able to enhance its profitability on each dollar of sales.
Overall, the rising trend in the gross profit margin is generally seen as a positive indicator of the company's financial health and operational effectiveness. Analyzing the gross profit margin over time provides insights into the company's ability to generate profits from its core business activities, which is crucial for sustainable growth and long-term success.
Peer comparison
Sep 30, 2024
See also:
Air Products and Chemicals Inc Gross Profit Margin (Quarterly Data)