Embecta Corp (EMBC)

Gross profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022
Gross profit (ttm)	US$ in thousands	735,200	743,200	742,600	747,000	749,900	354,900	368,300	369,700	384,800
Revenue (ttm)	US$ in thousands	1,117,100	1,113,300	1,126,900	1,116,800	1,115,200	1,110,600	1,115,600	1,108,100	1,123,300
Gross profit margin		65.81%	66.76%	65.90%	66.89%	67.24%	31.96%	33.01%	33.36%	34.26%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $735,200K ÷ $1,117,100K
= 65.81%

The gross profit margin of Embecta Corp has shown variability over the past quarters. In the latest quarter, ending in September 2024, the gross profit margin was 65.81%, a slight decrease from the previous quarter. However, it is important to note that the gross profit margin has been relatively high in recent quarters, indicating that the company is effectively managing its production costs and generating a healthy level of revenue from its sales. The significant improvement in gross profit margins from the low levels observed in the first two quarters of 2023 suggests that Embecta Corp has implemented effective cost control measures or experienced an increase in selling prices. Overall, a gross profit margin above 60% is generally considered favorable, and Embecta Corp's recent performance in this regard demonstrates a strong operational efficiency and profitability.