Cardinal Health Inc (CAH)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 7,385,000 | 7,359,000 | 7,234,000 | 7,043,000 | 6,914,000 | 6,692,000 | 6,564,000 | 6,517,000 | 6,545,000 | 6,415,000 | 6,545,000 | 6,705,000 | 6,778,000 | 6,893,000 | 6,966,000 | 6,904,000 | 6,868,000 | 6,952,000 | 6,831,000 | 6,847,000 |
| Revenue (ttm) | US$ in thousands | 226,668,000 | 220,413,000 | 216,043,000 | 210,070,000 | 205,023,000 | 198,673,000 | 193,011,000 | 186,999,000 | 181,364,000 | 176,847,000 | 171,286,000 | 167,370,000 | 162,467,000 | 156,570,000 | 156,452,000 | 154,646,000 | 152,922,000 | 153,586,000 | 149,657,000 | 147,662,000 |
| Gross profit margin | 3.26% | 3.34% | 3.35% | 3.35% | 3.37% | 3.37% | 3.40% | 3.49% | 3.61% | 3.63% | 3.82% | 4.01% | 4.17% | 4.40% | 4.45% | 4.46% | 4.49% | 4.53% | 4.56% | 4.64% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,385,000K ÷ $226,668,000K
= 3.26%
The gross profit margin of Cardinal Health Inc has shown a declining trend over the past few quarters, from 4.64% in the fourth quarter of 2019 to 3.26% in the second quarter of 2024. This decline indicates that the company's profitability from sales has decreased over this period. The fluctuation in gross profit margin may be influenced by various factors such as changes in sales revenue, cost of goods sold, and pricing strategies. It is essential for Cardinal Health Inc to closely monitor and address the factors affecting its gross profit margin to ensure sustainable and profitable operations.
Peer comparison
Jun 30, 2024