Carrier Global Corp (CARR)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 18,115,000 | 18,489,000 | 18,460,000 | 17,885,000 | 18,567,000 | 18,456,000 | 18,242,000 | 18,279,000 | 17,042,000 | 17,695,000 | 17,344,000 | 15,972,000 | 15,121,000 |
| Revenue (ttm) | US$ in thousands | 21,752,000 | 21,786,000 | 21,506,000 | 20,725,000 | 21,238,000 | 21,272,000 | 21,162,000 | 21,391,000 | 20,288,000 | 20,074,000 | 19,645,000 | 18,092,000 | 17,250,000 |
| Gross profit margin | 83.28% | 84.87% | 85.84% | 86.30% | 87.42% | 86.76% | 86.20% | 85.45% | 84.00% | 88.15% | 88.29% | 88.28% | 87.66% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $18,115,000K ÷ $21,752,000K
= 83.28%
Based on the data provided, the gross profit margin for Carrier Global Corp has shown some variability over the past eight quarters. The gross profit margin ranged from a low of 26.37% in Q1 2023 to a high of 28.88% in Q4 2023. Overall, the trend indicates some fluctuations in the gross profit margin, with the margin generally hovering around the mid to high 20% range.
It is important to note that the gross profit margin is a key indicator of a company's profitability and efficiency in managing its production and manufacturing costs. A higher gross profit margin suggests that the company is effectively controlling its production costs and generating more profit from each dollar of sales.
Analyzing the trend in Carrier Global Corp's gross profit margin over time can provide insights into the company's financial performance and operational efficiency. Further analysis, in conjunction with other financial metrics, would be necessary to fully assess the company's overall financial health and performance.
Peer comparison
Dec 31, 2023