CH Robinson Worldwide Inc (CHRW)

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	15,352,540	16,054,280	17,642,790	19,985,290	22,150,080	23,634,740	23,934,790	22,741,510	20,810,920	19,016,810	17,115,830	15,289,240	14,322,390	13,593,510	13,216,900	13,452,820	13,397,400	13,725,770	10,534,589	7,301,399
Revenue (ttm)	US$ in thousands	17,596,450	18,441,380	20,115,730	22,492,350	24,696,630	26,131,660	26,379,980	25,114,230	23,102,150	21,149,750	19,110,850	17,205,970	16,207,110	15,450,990	15,082,320	15,363,310	15,309,510	15,654,090	12,492,004	9,254,647
Gross profit margin		87.25%	87.06%	87.71%	88.85%	89.69%	90.44%	90.73%	90.55%	90.08%	89.92%	89.56%	88.86%	88.37%	87.98%	87.63%	87.56%	87.51%	87.68%	84.33%	78.89%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $15,352,540K ÷ $17,596,450K
= 87.25%

Based on the data provided, C.H. Robinson Worldwide, Inc.'s gross profit margin has shown a relatively stable trend over the past eight quarters. The company's gross profit margin has ranged from 13.36% in Q1 2022 to 14.99% in Q1 2023.

Overall, the gross profit margins have been consistently above 13% and have shown a slight upward trend from Q1 2022 to Q1 2023. This indicates that the company has been effective in managing its cost of goods sold and generating profits from its goods and services.

The highest gross profit margin of 14.99% in Q1 2023 suggests that C.H. Robinson Worldwide, Inc. was able to generate more profitability from its core operations during that quarter. However, it is important to monitor the trend consistently to ensure the company maintains or improves its efficiency in generating profits.