Darling Ingredients Inc (DAR)
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 | 458,983 | 548,064 | 589,177 | 657,285 | 514,410 | 609,761 | 599,459 | 533,037 | 470,403 | 330,212 | 214,445 | 114,576 | 44,080 | 961,674 | 952,071 | 919,973 | 916,596 | 910,298 | 903,780 | 885,380 |
| Revenue (ttm) | US$ in thousands | 6,537,880 | 6,817,070 | 6,938,130 | 6,823,800 | 6,402,280 | 6,008,080 | 5,446,680 | 4,998,880 | 4,679,450 | 4,377,748 | 4,041,368 | 3,690,927 | 3,499,347 | 3,409,387 | 3,402,572 | 3,369,843 | 3,349,524 | 3,343,226 | 3,314,219 | 3,303,513 |
| Gross profit margin | 7.02% | 8.04% | 8.49% | 9.63% | 8.03% | 10.15% | 11.01% | 10.66% | 10.05% | 7.54% | 5.31% | 3.10% | 1.26% | 28.21% | 27.98% | 27.30% | 27.36% | 27.23% | 27.27% | 26.80% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $458,983K ÷ $6,537,880K
= 7.02%
The gross profit margin of Darling Ingredients Inc has shown volatility over the past few quarters. The trend indicates fluctuation in the company's ability to generate profit from its core operations. The margin was relatively low in the first quarters of 2021 and 2022 but significantly improved towards the end of 2022. However, in 2023, the gross profit margin started to decline again, with a notable decrease in the most recent quarter compared to the previous quarter. This decline may indicate challenges in managing production costs or pricing pressures impacting the company's profitability. It is essential for Darling Ingredients Inc to closely monitor and address the factors affecting its gross profit margin to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023