Allegheny Technologies Incorporated (ATI)
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 | 802,600 | 782,600 | 771,800 | 738,000 | 714,200 | 650,700 | 549,400 | 416,800 | 333,200 | 256,200 | 211,800 | 243,800 | 292,800 | 416,900 | 538,500 | 641,500 | 637,800 | 616,100 | 616,800 | 612,800 |
| Revenue (ttm) | US$ in thousands | 4,174,000 | 4,019,000 | 4,025,400 | 3,938,900 | 3,710,300 | 3,397,000 | 3,104,400 | 2,761,100 | 2,645,000 | 2,707,600 | 2,566,200 | 2,698,800 | 2,963,100 | 3,301,800 | 3,790,600 | 4,143,700 | 4,190,500 | 4,231,400 | 4,164,800 | 4,072,400 |
| Gross profit margin | 19.23% | 19.47% | 19.17% | 18.74% | 19.25% | 19.16% | 17.70% | 15.10% | 12.60% | 9.46% | 8.25% | 9.03% | 9.88% | 12.63% | 14.21% | 15.48% | 15.22% | 14.56% | 14.81% | 15.05% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $802,600K ÷ $4,174,000K
= 19.23%
The gross profit margin of ATI Inc has shown a generally increasing trend over the past eight quarters. In Q4 2023, the gross profit margin reached 19.23%, marking an improvement compared to the previous quarters. This indicates that the company is generating more revenue relative to the cost of goods sold, which is a positive sign for profitability. Additionally, the consistent improvement in gross profit margin suggests that ATI Inc may be effectively managing its production costs and pricing strategies to enhance profitability. Overall, the trend in gross profit margin reflects positively on the financial performance and operational efficiency of ATI Inc in recent quarters. Further analysis would be necessary to understand the factors driving this improvement and to assess the sustainability of this trend in the future.