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.