CNH Industrial N.V. (CNH)
Gross profit margin
| Sep 30, 2024 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 7,020,000 | 7,423,000 | 7,741,000 | 7,849,000 | 7,727,000 | 7,525,000 | 7,126,000 | 6,754,000 | 20,156,000 | 19,725,000 | 19,478,000 | 19,319,000 | 16,155,000 | 16,175,000 | 15,181,000 | 15,028,000 | 4,420,000 | 4,451,000 | 5,803,000 | 6,247,000 |
| Revenue (ttm) | US$ in thousands | 21,752,000 | 23,084,000 | 24,163,000 | 24,687,000 | 24,838,000 | 24,733,000 | 24,248,000 | 23,551,000 | 36,020,000 | 34,885,000 | 33,977,000 | 33,428,000 | 22,665,000 | 24,411,000 | 24,815,000 | 26,180,000 | 25,226,000 | 25,094,000 | 27,083,000 | 28,079,000 |
| Gross profit margin | 32.27% | 32.16% | 32.04% | 31.79% | 31.11% | 30.42% | 29.39% | 28.68% | 55.96% | 56.54% | 57.33% | 57.79% | 71.28% | 66.26% | 61.18% | 57.40% | 17.52% | 17.74% | 21.43% | 22.25% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $7,020,000K ÷ $21,752,000K
= 32.27%
CNH Industrial N.V.'s gross profit margin has exhibited fluctuations over the periods provided. The trend indicates some volatility in the company's ability to generate profits from its core business activities.
From the data, it can be observed that the gross profit margin has generally been increasing, reaching its highest levels around the end of 2021 and the beginning of 2022. This could signify improvements in operational efficiency or pricing strategies during those periods.
However, there was a significant drop in the gross profit margin during the latter part of 2022 and throughout 2023 before recovering in 2024. This decrease may suggest challenges in managing production costs, pricing pressures, or changes in product mix during those periods.
Overall, the trend in CNH Industrial N.V.'s gross profit margin demonstrates the importance of monitoring operational performance and cost management strategies to ensure sustainable profitability in the long term. Further analysis of the underlying factors impacting the gross profit margin during the periods of decline could provide valuable insights into the company's financial health and operational effectiveness.
Peer comparison
Sep 30, 2024