Compass Minerals International Inc (CMP)

Gross profit margin

		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	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	222,200	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	301,100
Revenue (ttm)	US$ in thousands	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	1,659,100
Gross profit margin		20.28%	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%	18.15%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $222,200K ÷ $1,095,400K
= 20.28%

The gross profit margin of Compass Minerals International Inc has shown some fluctuations over the past few quarters, ranging from 16.40% to 21.60%. The trend indicates that the company has maintained a relatively stable gross profit margin around the 20% mark, with occasional deviations.

In the most recent quarter ending March 31, 2024, the gross profit margin stood at 20.28%, remaining consistent with the previous quarter at 20.51%. This suggests that the company has been able to effectively manage its cost of goods sold and maintain a reasonable level of profitability from its core operations.

Analyzing the historical data, the company experienced a notable decline in gross profit margin in the first quarter of 2022 compared to the preceding quarter at 16.54% and then gradually improved its performance over the following quarters.

Overall, the gross profit margin trend of Compass Minerals International Inc reflects a balance between generating revenue and managing production costs, with the company demonstrating resilience in maintaining profitability levels over time.