Crown Holdings Inc (CCK)
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 | 419,000 | 441,000 | 376,000 | 421,000 | 560,000 | -964,000 | -834,000 | -775,000 | -712,000 | 1,311,000 | 1,591,000 | 1,701,000 | 1,912,000 | 1,800,000 | 1,740,000 | 1,818,000 | 1,826,000 | 1,816,000 | 1,825,000 | 1,797,000 |
| Revenue (ttm) | US$ in thousands | 11,532,000 | 11,716,000 | 11,928,000 | 12,382,000 | 12,632,000 | 12,492,000 | 12,255,000 | 11,672,000 | 11,632,000 | 11,816,000 | 11,385,000 | 10,666,000 | 10,345,000 | 10,174,000 | 10,769,000 | 11,667,000 | 11,665,000 | 11,608,000 | 11,698,000 | 11,709,000 |
| Gross profit margin | 3.63% | 3.76% | 3.15% | 3.40% | 4.43% | -7.72% | -6.81% | -6.64% | -6.12% | 11.10% | 13.97% | 15.95% | 18.48% | 17.69% | 16.16% | 15.58% | 15.65% | 15.64% | 15.60% | 15.35% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $419,000K ÷ $11,532,000K
= 3.63%
The gross profit margin of Crown Holdings, Inc. has shown fluctuations over the past eight quarters. In Q4 2023, the gross profit margin reached 20.52%, demonstrating an improvement compared to the previous quarters. The trend had been decreasing from Q1 2022 to Q3 2023, but it started to recover from Q3 2023 onwards.
It is essential to note that a higher gross profit margin indicates that the company is generating more revenue from its core business activities after deducting the cost of goods sold. This could be a positive sign for Crown Holdings, Inc., as it suggests improved efficiency and better pricing strategies. However, further analysis of the underlying factors affecting the gross profit margin, such as changes in sales volumes, pricing strategies, and cost control measures, would be necessary to fully assess the company's financial performance and prospects.
Peer comparison
Dec 31, 2023