Embecta Corp (EMBC)

Gross profit margin

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

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $747,000K ÷ $1,116,800K
= 66.89%

The gross profit margin of Embecta Corp has shown some fluctuations over the past six quarters. In the most recent quarter, as of December 31, 2023, the gross profit margin was 66.89%, reflecting a significant increase compared to the previous quarter. However, in the two quarters prior to that, the gross profit margin was relatively lower, around 31.96% and 33.01%, indicating a potential decrease in profitability during that period. It is worth noting that the gross profit margin was relatively stable around the 33-34% range in the quarters preceding the recent fluctuations. Overall, a further analysis of the underlying factors driving these changes in gross profit margin would be necessary to fully understand the performance of Embecta Corp in terms of generating profits from its core operations.