Astec Industries Inc (ASTE)
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 | 330,800 | 312,700 | 308,600 | 288,600 | 264,100 | 246,400 | 242,800 | 246,000 | 249,500 | 253,100 | 241,400 | 234,900 | 240,100 | 210,600 | 212,300 | 236,000 | 239,400 | 210,402 | 216,786 | 134,594 |
| Revenue (ttm) | US$ in thousands | 1,332,400 | 1,346,100 | 1,360,800 | 1,330,300 | 1,271,800 | 1,189,500 | 1,141,500 | 1,101,900 | 1,095,400 | 1,068,200 | 1,032,508 | 1,019,687 | 1,024,892 | 1,069,192 | 1,093,524 | 1,132,663 | 1,168,039 | 1,201,647 | 1,202,450 | 1,170,492 |
| Gross profit margin | 24.83% | 23.23% | 22.68% | 21.69% | 20.77% | 20.71% | 21.27% | 22.33% | 22.78% | 23.69% | 23.38% | 23.04% | 23.43% | 19.70% | 19.41% | 20.84% | 20.50% | 17.51% | 18.03% | 11.50% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $330,800K ÷ $1,332,400K
= 24.83%
The gross profit margin of Astec Industries Inc. has been showing a generally positive trend over the past eight quarters. Starting at 20.58% in Q1 2022, the gross profit margin increased steadily to reach a peak of 24.72% in Q4 2023. This upward trend indicates an improvement in the company's ability to generate profits from its sales after accounting for the cost of goods sold.
It is important to note the slight fluctuations in the gross profit margin over the quarters, with some quarters showing smaller increases or decreases. Despite these variations, the overall trajectory is positive, reflecting improved efficiency in managing production costs.
Overall, the increasing trend in Astec Industries Inc.'s gross profit margin signals stronger profitability and effective cost management, which is a positive indicator of the company's financial health and operational performance.
Peer comparison
Dec 31, 2023