Avient Corp (AVNT)
Gross profit margin
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,056,700 | 1,023,700 | 957,600 | 940,700 | 910,100 | 855,600 | 855,700 | 918,800 | 964,900 | 1,046,000 | 1,106,000 | 1,090,900 | 1,099,600 | 1,099,400 | 1,054,200 | 915,200 | 784,300 | 684,700 | 635,000 | 690,800 |
| Revenue (ttm) | US$ in thousands | 3,240,400 | 3,212,900 | 3,151,400 | 3,126,100 | 3,142,800 | 3,214,200 | 3,283,800 | 3,761,800 | 4,209,900 | 4,621,000 | 5,017,500 | 4,950,300 | 4,818,800 | 4,614,300 | 4,319,000 | 3,692,900 | 3,242,100 | 2,903,700 | 2,684,500 | 2,979,200 |
| Gross profit margin | 32.61% | 31.86% | 30.39% | 30.09% | 28.96% | 26.62% | 26.06% | 24.42% | 22.92% | 22.64% | 22.04% | 22.04% | 22.82% | 23.83% | 24.41% | 24.78% | 24.19% | 23.58% | 23.65% | 23.19% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,056,700K ÷ $3,240,400K
= 32.61%
The gross profit margin of Avient Corp has shown fluctuation over the period from March 31, 2020, to December 31, 2024. The margin started at 23.19% in March 2020 and gradually increased to a peak of 32.61% by December 2024. There were periods of both growth and decline in the margin, indicating fluctuations in the company's ability to generate profits from its core business activities.
The overall trend shows an improvement in the gross profit margin over the period, with a significant increase observed from March 2023 onwards. This could indicate improved efficiency in managing production costs or pricing strategies that have positively impacted the company's profitability.
It is essential to further analyze the factors influencing these fluctuations in the gross profit margin to assess the sustainability of this upward trend and identify opportunities for continuous improvement in the company's profitability. Additionally, comparisons with industry benchmarks and historical performance can provide valuable insights into Avient Corp's competitiveness and financial health.
Peer comparison
Dec 31, 2024