Axalta Coating Systems Ltd (AXTA)
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 | 751,400 | 523,900 | 471,600 | 445,400 | 409,200 | 378,100 | 360,800 | 377,100 | 433,400 | 777,600 | 816,300 | 633,300 | 550,400 | 541,300 | 489,500 | 709,000 | 730,400 | 731,200 | 539,800 | 469,500 |
| Revenue (ttm) | US$ in thousands | 5,184,100 | 5,123,500 | 5,053,200 | 4,994,200 | 4,884,400 | 4,784,900 | 4,634,800 | 4,526,700 | 4,416,200 | 4,353,500 | 4,291,800 | 3,817,700 | 3,737,600 | 3,761,500 | 3,841,600 | 4,346,400 | 4,482,200 | 4,549,600 | 4,588,600 | 4,643,300 |
| Gross profit margin | 14.49% | 10.23% | 9.33% | 8.92% | 8.38% | 7.90% | 7.78% | 8.33% | 9.81% | 17.86% | 19.02% | 16.59% | 14.73% | 14.39% | 12.74% | 16.31% | 16.30% | 16.07% | 11.76% | 10.11% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $751,400K ÷ $5,184,100K
= 14.49%
The gross profit margin of Axalta Coating Systems Ltd has exhibited variability over the past eight quarters. The margin has generally seen a gradual increase from Q1 2022 to Q3 2023, with some fluctuations in between. The highest gross profit margin was observed in Q4 2023 at 31.22%, indicating that the company was able to generate more gross profit relative to its revenue compared to the previous quarters. This improvement may be attributed to cost efficiency measures, pricing strategies, or changes in product mix. Overall, the trend suggests a positive trajectory in the company's ability to maintain and potentially enhance its profitability at the gross profit level.
Peer comparison
Dec 31, 2023