Ecolab Inc (ECL)

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	2,003,300	1,878,300	1,787,500	1,721,200	1,630,500	1,589,900	1,557,700	1,616,200	1,649,200	1,671,000	1,565,000	1,312,100	1,441,600	1,587,600	1,769,500	1,968,200	1,883,600	1,857,100	1,796,700	1,750,200
Revenue (ttm)	US$ in thousands	15,449,600	15,182,400	14,907,900	14,648,300	14,354,100	14,047,500	13,672,600	13,250,700	12,855,500	12,556,200	12,174,900	11,647,600	12,356,200	13,114,500	13,914,900	14,930,100	14,845,200	14,782,100	14,706,100	14,631,000
Gross profit margin		12.97%	12.37%	11.99%	11.75%	11.36%	11.32%	11.39%	12.20%	12.83%	13.31%	12.85%	11.26%	11.67%	12.11%	12.72%	13.18%	12.69%	12.56%	12.22%	11.96%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,003,300K ÷ $15,449,600K
= 12.97%

Ecolab, Inc.'s gross profit margin has shown a generally positive trend over the past eight quarters. The company's gross profit margin has consistently improved from 37.76% in Q4 2022 to 40.24% in Q4 2023. This indicates that the company has been able to effectively manage the cost of goods sold and generate a higher margin on its products or services.

The increasing trend in gross profit margin suggests that Ecolab, Inc. has been successful in controlling its production and operational costs while maintaining or increasing its sales revenue. This efficiency in cost management is a positive sign for the company's profitability and overall financial health.

Overall, the improvement in Ecolab, Inc.'s gross profit margin over the past eight quarters indicates strong performance in managing its production costs and increasing profitability, which is a positive indicator for investors and stakeholders.