Corteva Inc (CTVA)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,385,000 | 3,430,000 | 3,363,000 | 3,407,000 | 3,143,000 | 3,020,000 | 2,918,000 | 2,624,000 | 2,503,000 | 3,337,000 | 3,183,000 | 2,786,000 | 2,641,000 | 2,506,000 | 2,469,000 | 2,826,000 | 2,837,000 |
| Revenue (ttm) | US$ in thousands | 17,226,000 | 17,344,000 | 17,531,000 | 17,738,000 | 17,455,000 | 17,109,000 | 16,703,000 | 16,078,000 | 15,655,000 | 15,383,000 | 14,875,000 | 14,439,000 | 14,217,000 | 13,993,000 | 14,041,000 | 14,406,000 | 13,846,000 |
| Gross profit margin | 19.65% | 19.78% | 19.18% | 19.21% | 18.01% | 17.65% | 17.47% | 16.32% | 15.99% | 21.69% | 21.40% | 19.29% | 18.58% | 17.91% | 17.58% | 19.62% | 20.49% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,385,000K ÷ $17,226,000K
= 19.65%
The gross profit margin of Corteva Inc has displayed a generally improving trend over the past eight quarters, indicating the company's ability to generate profits from its core operations. The margin has increased from 40.21% in Q4 2022 to 42.41% in Q4 2023, reaching its highest level in the latest quarter. This improvement suggests that Corteva has been effectively managing its production costs and/or pricing strategies to enhance profitability. The consistency of the incremental growth in gross profit margin over the quarters reflects the company's operational efficiency and potential for sustained profitability in the future.
Peer comparison
Dec 31, 2023