Crane NXT Co (CXT)
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 | 353,800 | 409,300 | 460,800 | 516,400 | 497,600 | 666,600 | 859,800 | 1,055,000 | 1,241,000 | 1,180,400 | 1,099,200 | 999,100 | 965,100 | 1,027,100 | 1,061,800 | 1,148,900 | 1,179,000 | 1,184,600 | 1,217,700 | 1,216,500 |
| Revenue (ttm) | US$ in thousands | 1,905,100 | 3,921,400 | 3,903,600 | 3,885,200 | 3,913,800 | 2,311,100 | 2,869,800 | 3,391,300 | 3,299,400 | 3,212,500 | 3,005,200 | 2,794,000 | 2,761,300 | 2,915,200 | 3,001,000 | 3,198,300 | 3,283,100 | 3,285,200 | 3,368,700 | 3,378,100 |
| Gross profit margin | 18.57% | 10.44% | 11.80% | 13.29% | 12.71% | 28.84% | 29.96% | 31.11% | 37.61% | 36.74% | 36.58% | 35.76% | 34.95% | 35.23% | 35.38% | 35.92% | 35.91% | 36.06% | 36.15% | 36.01% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $353,800K ÷ $1,905,100K
= 18.57%
Crane NXT Co's gross profit margin has exhibited fluctuations over the past years, indicating changes in the company's ability to generate profits from its core operations. The gross profit margin has shown a downward trend from a high of 37.61% in Dec 2021 to a low of 10.44% in Sep 2023. This suggests potential challenges in maintaining profitability and effectively managing costs during this period.
Furthermore, the significant variance in gross profit margins between quarters indicates potential fluctuations in revenue generation, cost of goods sold, or pricing strategies. It is crucial for the company to closely monitor and analyze these factors to improve operational efficiency and sustain profitability in the long term.
Overall, the analysis of Crane NXT Co's gross profit margin highlights the importance of closely monitoring and managing operational costs and revenues to ensure sustainable profitability and financial health.
Peer comparison
Dec 31, 2023