Colgate-Palmolive Company (CL)

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	11,326,000	10,950,000	10,621,000	10,388,000	10,248,000	10,233,000	10,308,000	10,310,000	10,375,000	10,459,000	10,376,000	10,189,000	10,017,000	9,788,000	9,564,000	9,503,000	9,325,000	9,164,000	9,117,000	9,110,000
Revenue (ttm)	US$ in thousands	19,457,000	19,136,000	18,676,000	18,338,000	17,967,000	17,741,000	17,700,000	17,476,000	17,421,000	17,342,000	17,081,000	16,718,000	16,471,000	16,162,000	15,937,000	15,906,000	15,693,000	15,489,000	15,406,000	15,426,000
Gross profit margin		58.21%	57.22%	56.87%	56.65%	57.04%	57.68%	58.24%	59.00%	59.55%	60.31%	60.75%	60.95%	60.82%	60.56%	60.01%	59.74%	59.42%	59.16%	59.18%	59.06%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $11,326,000K ÷ $19,457,000K
= 58.21%

The gross profit margin of Colgate-Palmolive Co. has shown a consistent trend over the past eight quarters. The margins have been relatively stable, ranging from a high of 59.00% in Q1 2022 to a low of 56.65% in Q1 2023. Overall, the company has maintained a healthy gross profit margin above 56%, indicating efficient cost management and pricing strategies. Despite slight fluctuations, the margins have remained relatively strong, reflecting Colgate-Palmolive Co.'s ability to control its production costs and generate profits from its core operations.