Dow Inc (DOW)
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 | 2,292,000 | 1,881,000 | 2,497,000 | 3,693,000 | 5,611,000 | 7,605,000 | 9,042,000 | 9,387,000 | 8,661,000 | 8,177,000 | 6,814,000 | 4,994,000 | 5,196,000 | 5,111,000 | 5,157,000 | 6,007,000 | 6,294,000 |
| Revenue (ttm) | US$ in thousands | 44,622,000 | 45,860,000 | 49,245,000 | 53,489,000 | 56,902,000 | 59,407,000 | 60,129,000 | 58,350,000 | 54,968,000 | 51,310,000 | 46,185,000 | 40,654,000 | 38,542,000 | 38,040,000 | 39,092,000 | 41,752,000 | 42,951,000 |
| Gross profit margin | 5.14% | 4.10% | 5.07% | 6.90% | 9.86% | 12.80% | 15.04% | 16.09% | 15.76% | 15.94% | 14.75% | 12.28% | 13.48% | 13.44% | 13.19% | 14.39% | 14.65% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,292,000K ÷ $44,622,000K
= 5.14%
The gross profit margin of Dow Inc has shown a declining trend over the past eight quarters. It decreased from 20.26% in March 2022 to 10.94% in December 2023. This indicates that the company's cost of goods sold has been increasing relative to its sales revenue. A declining gross profit margin may suggest potential issues with cost management, pricing strategy, or the efficiency of the company's production processes. Further analysis of the company's operating expenses and revenue streams is warranted to understand the factors contributing to this trend and to assess the overall profitability of Dow Inc.
Peer comparison
Dec 31, 2023