Baxter International Inc (BAX)

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	4,975,000	4,891,000	4,819,000	5,079,000	5,152,000	5,170,000	5,446,000	5,308,000	5,105,000	4,890,000	4,764,000	4,569,000	4,587,000	4,694,000	4,729,000	4,844,000	4,761,000	4,646,000	4,648,000	4,718,000
Revenue (ttm)	US$ in thousands	14,920,000	14,899,000	14,958,000	15,052,000	15,164,000	14,775,000	14,223,000	13,534,000	12,731,000	12,327,000	12,064,000	11,659,000	11,491,000	11,459,000	11,330,000	11,475,000	11,340,000	11,142,000	11,110,000	11,118,000
Gross profit margin		33.34%	32.83%	32.22%	33.74%	33.98%	34.99%	38.29%	39.22%	40.10%	39.67%	39.49%	39.19%	39.92%	40.96%	41.74%	42.21%	41.98%	41.70%	41.84%	42.44%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,975,000K ÷ $14,920,000K
= 33.34%

Baxter International Inc. has displayed consistency in its gross profit margin over the quarters presented. The gross profit margin has ranged between 33.59% and 39.19% over the past eight quarters. There was a noticeable decline in the gross profit margin from Q2 2022 to Q1 2023, from 38.95% to 35.84%, followed by a slight decrease to 33.59% in Q4 2023.

The company may have experienced changes in factors affecting its cost of goods sold or sales prices during these periods. Overall, maintaining a gross profit margin above 30% indicates that Baxter International Inc. has been able to effectively manage its production costs relative to its revenue, ensuring a healthy level of profitability.