International Flavors & Fragrances Inc (IFF)

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	3,681,000	3,690,000	3,767,000	3,970,000	4,151,000	4,263,000	4,352,000	4,126,000	3,735,000	3,268,000	2,702,000	2,274,000	2,086,000	2,074,414	2,083,502	2,147,741	2,113,000	2,088,101	1,955,679	1,808,157
Revenue (ttm)	US$ in thousands	11,022,000	11,168,000	11,438,000	11,857,000	12,104,000	12,324,000	12,342,000	12,122,000	11,368,000	9,645,100	7,879,920	6,034,230	4,948,650	4,856,730	4,891,250	5,016,510	4,999,490	8,882,710	8,522,918	8,151,364
Gross profit margin		33.40%	33.04%	32.93%	33.48%	34.29%	34.59%	35.26%	34.04%	32.86%	33.88%	34.29%	37.69%	42.15%	42.71%	42.60%	42.81%	42.26%	23.51%	22.95%	22.18%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,681,000K ÷ $11,022,000K
= 33.40%

The gross profit margin of International Flavors & Fragrances Inc. has shown a declining trend over the past eight quarters, from 33.37% in Q4 2022 to 32.07% in Q4 2023. This indicates that the company's profitability from its core operations has been decreasing. It is important to understand the factors influencing this trend, such as changes in pricing strategies, input costs, and operational efficiencies. Further analysis and monitoring of the gross profit margin will be crucial to assess the company's ability to generate profits and manage costs effectively.