WW Grainger Inc (GWW)
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 | 6,496,000 | 6,439,000 | 6,303,000 | 6,100,000 | 5,849,000 | 5,596,000 | 5,327,000 | 5,010,000 | 4,720,000 | 4,494,000 | 4,318,000 | 4,210,000 | 4,238,000 | 4,293,000 | 4,318,000 | 4,423,000 | 4,397,000 | 4,381,000 | 4,361,000 | 4,351,000 |
| Revenue (ttm) | US$ in thousands | 16,387,000 | 16,192,000 | 15,923,000 | 15,580,000 | 15,137,000 | 14,695,000 | 14,128,000 | 13,498,000 | 12,937,000 | 12,539,000 | 12,184,000 | 11,808,000 | 11,725,000 | 11,631,000 | 11,562,000 | 11,624,000 | 11,422,000 | 11,338,000 | 11,221,080 | 11,187,370 |
| Gross profit margin | 39.64% | 39.77% | 39.58% | 39.15% | 38.64% | 38.08% | 37.71% | 37.12% | 36.48% | 35.84% | 35.44% | 35.65% | 36.14% | 36.91% | 37.35% | 38.05% | 38.50% | 38.64% | 38.86% | 38.89% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,496,000K ÷ $16,387,000K
= 39.64%
The gross profit margin of W.W. Grainger Inc. has shown a consistent upward trend over the past eight quarters, starting at 36.88% in Q1 2022 and increasing to 39.42% in Q4 2023. This indicates an improvement in the company's ability to generate profits from its sales, which is a positive sign for its financial performance. The gradual increase in gross profit margin highlights the company's efficiency in controlling its production costs and pricing strategies. Overall, W.W. Grainger Inc. has demonstrated steady progress in enhancing its gross profit margin, reflecting improved profitability in recent quarters.