Avery Dennison Corp (AVY)
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 | 2,530,700 | 2,517,500 | 2,476,700 | 2,367,400 | 2,277,500 | 2,181,700 | 2,215,100 | 2,305,200 | 2,404,200 | 2,489,100 | 2,424,300 | 2,357,100 | 2,312,800 | 2,298,800 | 2,228,600 | 2,035,200 | 1,923,300 | 1,836,900 | 1,824,400 | 1,923,800 |
| Revenue (ttm) | US$ in thousands | 8,755,700 | 8,680,500 | 8,595,400 | 8,450,600 | 8,364,300 | 8,279,700 | 8,498,500 | 8,755,000 | 9,039,300 | 9,196,600 | 8,951,300 | 8,706,300 | 8,408,300 | 8,216,000 | 7,873,300 | 7,299,800 | 6,971,500 | 6,753,500 | 6,785,800 | 7,053,000 |
| Gross profit margin | 28.90% | 29.00% | 28.81% | 28.01% | 27.23% | 26.35% | 26.06% | 26.33% | 26.60% | 27.07% | 27.08% | 27.07% | 27.51% | 27.98% | 28.31% | 27.88% | 27.59% | 27.20% | 26.89% | 27.28% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,530,700K ÷ $8,755,700K
= 28.90%
The gross profit margin of Avery Dennison Corp has shown some fluctuations over the past few years based on the provided data. The trend indicates that the company's gross profit margin has generally been in the range of 26% to 29%.
From March 31, 2020, to June 30, 2021, there was a gradual increase in the gross profit margin, reaching its peak at 28.31% in June 30, 2021. However, the margin slightly decreased in the following quarters before stabilizing around 27% from September 30, 2021, to December 31, 2022.
There was a noticeable decline in the gross profit margin from March 31, 2023, to June 30, 2023, possibly indicating some challenges faced by the company during that period. However, the margin improved in the subsequent quarters, returning to a level close to 28%.
Overall, a gross profit margin above 25% is generally considered healthy for most industries. Avery Dennison Corp's gross margin has stayed within this range, reflecting its ability to efficiently manage production costs and generate profits from its core operations. It is important for the company to monitor and maintain its gross profit margin to ensure sustainable profitability in the long term.
Peer comparison
Dec 31, 2024