Compass Minerals International Inc (CMP)

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	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
Gross profit (ttm)	US$ in thousands	219,100	221,100	234,500	233,900	228,200	227,500	206,900	196,800	188,600	263,100	257,000	234,700	244,100	219,800	258,800	260,600	266,800	255,300	272,400	304,400
Revenue (ttm)	US$ in thousands	1,092,700	1,095,400	1,143,100	1,155,100	1,182,300	1,183,600	1,218,100	1,200,100	1,140,300	1,364,300	1,241,900	1,185,100	1,235,700	1,213,500	1,404,600	1,467,000	1,461,500	1,439,800	1,426,000	1,409,000
Gross profit margin		20.05%	20.18%	20.51%	20.25%	19.30%	19.22%	16.99%	16.40%	16.54%	19.28%	20.69%	19.80%	19.75%	18.11%	18.43%	17.76%	18.26%	17.73%	19.10%	21.60%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $219,100K ÷ $1,092,700K
= 20.05%

The gross profit margin of Compass Minerals International Inc has shown some fluctuations over the past few quarters. In the most recent quarter ending June 30, 2024, the gross profit margin was 20.05%, slightly lower than the previous quarter. Despite some variability, the company has generally maintained gross profit margins in the range of 16% to 21% over the analyzed period.

The gross profit margin reflects the percentage of revenue that remains after deducting the cost of goods sold. A higher gross profit margin indicates that the company is effectively controlling its production costs and generating more profit from each dollar of sales.

Overall, while there have been some fluctuations, the gross profit margin of Compass Minerals International Inc has remained relatively stable, demonstrating a consistent ability to efficiently manage its production costs and generate profits from its core operations.