Baxter International Inc (BAX)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	4,975,000	5,066,000	5,105,000	4,587,000	4,761,000
Revenue	US$ in thousands	14,847,000	15,164,000	12,731,000	23,192,000	22,616,000
Gross profit margin		33.51%	33.41%	40.10%	19.78%	21.05%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,975,000K ÷ $14,847,000K
= 33.51%

The gross profit margin of Baxter International Inc. has shown a declining trend over the past five years, decreasing from 41.90% in 2019 to 33.59% in 2023. This indicates that the company's profitability from sales after deducting the cost of goods sold has been on a downward trajectory. The declining trend could be attributed to various factors such as increased production costs, pricing pressures, or changes in product mix. It is important for the company to closely monitor and manage its cost structure to improve its gross profit margin and overall profitability in the future.