AptarGroup Inc (ATR)
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 | 3,392,327 | 3,373,162 | 3,321,265 | 3,271,399 | 3,267,470 | 3,252,761 | 3,232,200 | 3,192,913 | 3,122,723 | 2,588,196 | 2,020,114 | 1,440,796 | 906,006 | 868,575 | 849,809 | 868,054 | 874,390 | 865,577 | 842,899 | 820,178 |
| Revenue (ttm) | US$ in thousands | 3,487,450 | 3,444,884 | 3,388,747 | 3,337,384 | 3,322,249 | 3,340,328 | 3,328,910 | 3,295,399 | 3,227,221 | 3,162,557 | 3,096,268 | 2,984,541 | 2,929,340 | 2,851,344 | 2,793,469 | 2,836,825 | 2,859,732 | 2,873,427 | 2,837,924 | 2,805,871 |
| Gross profit margin | 97.27% | 97.92% | 98.01% | 98.02% | 98.35% | 97.38% | 97.09% | 96.89% | 96.76% | 81.84% | 65.24% | 48.28% | 30.93% | 30.46% | 30.42% | 30.60% | 30.58% | 30.12% | 29.70% | 29.23% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,392,327K ÷ $3,487,450K
= 97.27%
The gross profit margin of Aptargroup Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the gross profit margin was 36.23%, an increase compared to the previous quarter (Q3 2023) at 35.61%. This improvement indicates the company's ability to generate more profit from its sales after accounting for the cost of goods sold.
Although the gross profit margin has been relatively stable around the mid-30% range in recent quarters, it has seen some minor variations. It reached its lowest point in Q1 2023 at 34.89% and its highest point in Q4 2022 at 35.03%. These fluctuations could be due to various factors, such as changes in pricing strategies, input costs, or sales mix.
Overall, Aptargroup Inc. has maintained a gross profit margin above 35% in most quarters, reflecting a healthy level of profitability in its core operations. However, management should continue monitoring and managing costs effectively to sustain or improve this key financial metric in the future.
Peer comparison
Dec 31, 2023