Avery Dennison Corp (AVY)
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 | 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 | 1,904,100 | 1,890,900 | 1,878,400 | 1,897,500 |
| Revenue (ttm) | US$ in thousands | 8,271,700 | 8,194,300 | 8,422,900 | 8,690,500 | 8,955,200 | 9,115,000 | 8,873,800 | 8,633,600 | 8,343,800 | 8,175,900 | 7,834,700 | 7,257,200 | 6,901,200 | 6,678,800 | 6,707,700 | 6,975,400 | 7,012,100 | 7,007,900 | 7,025,200 | 7,103,200 |
| Gross profit margin | 27.53% | 26.62% | 26.30% | 26.53% | 26.85% | 27.31% | 27.32% | 27.30% | 27.72% | 28.12% | 28.45% | 28.04% | 27.87% | 27.50% | 27.20% | 27.58% | 27.15% | 26.98% | 26.74% | 26.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,277,500K ÷ $8,271,700K
= 27.53%
Avery Dennison Corp's gross profit margin has shown fluctuations over the past five years. The gross profit margin represents the percentage of revenue that exceeds the cost of goods sold, serving as a key indicator of a company's operational efficiency and pricing strategy.
Analyzing the data provided, we observe that the gross profit margin ranged from a low of 26.30% in June 2023 to a high of 28.45% in June 2021. The company's gross profit margin has generally been in the mid-to-high 20% range, indicating that Avery Dennison Corp has been able to effectively manage its production costs relative to its revenue.
It is worth noting that the gross profit margin has experienced some variability from quarter to quarter, suggesting potential fluctuations in production costs or pricing strategies during those periods. Overall, the trend over the past five years indicates that Avery Dennison Corp has maintained a relatively stable gross profit margin, which is a positive sign of the company's ability to generate profits from its core operations.
Peer comparison
Dec 31, 2023