Avantor Inc (AVTR)

Gross profit margin

		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	2,301,000	2,309,500	2,363,800	2,407,900	2,480,000	2,537,700	2,602,800	2,635,800	2,601,000	2,579,800	2,502,700	2,436,800	2,327,300	2,191,400	2,080,500	1,979,300	1,946,900	1,947,400
Revenue (ttm)	US$ in thousands	6,825,600	6,866,700	6,967,200	7,039,400	7,175,700	7,342,300	7,512,400	7,625,000	7,602,800	7,550,900	7,386,100	7,269,400	7,040,100	6,660,200	6,393,600	6,126,700	6,025,500	6,079,200
Gross profit margin		33.71%	33.63%	33.93%	34.21%	34.56%	34.56%	34.65%	34.57%	34.21%	34.17%	33.88%	33.52%	33.06%	32.90%	32.54%	32.31%	32.31%	32.03%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,301,000K ÷ $6,825,600K
= 33.71%

The gross profit margin of Avantor Inc has shown relatively stable trends over the past several quarters, ranging from 32.03% to 34.65%. The margin reached its peak at 34.65% in the December 31, 2022, quarter but has generally stayed within a narrow range since then. This indicates that the company has been able to effectively manage its cost of goods sold in relation to its revenue, maintaining a consistent level of gross profit relative to sales. Overall, the gross profit margin trend suggests that Avantor Inc has been able to sustain healthy margins and effectively control its production and inventory costs during the periods analyzed.