Ingredion Incorporated (INGR)
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 | 1,749,000 | 1,700,000 | 1,653,000 | 1,602,000 | 1,494,000 | 1,433,000 | 1,382,000 | 1,359,000 | 1,331,000 | 1,393,000 | 1,396,000 | 1,300,000 | 1,272,000 | 1,243,000 | 1,261,000 | 1,319,000 | 1,312,000 | 1,309,000 | 1,299,000 | 1,330,000 |
| Revenue (ttm) | US$ in thousands | 8,160,000 | 8,226,000 | 8,216,000 | 8,191,000 | 7,946,000 | 7,714,000 | 7,454,000 | 7,187,000 | 6,909,000 | 6,747,000 | 6,486,000 | 6,058,000 | 5,987,000 | 5,943,000 | 5,898,000 | 5,983,000 | 5,860,000 | 5,737,000 | 5,730,000 | 5,792,000 |
| Gross profit margin | 21.43% | 20.67% | 20.12% | 19.56% | 18.80% | 18.58% | 18.54% | 18.91% | 19.26% | 20.65% | 21.52% | 21.46% | 21.25% | 20.92% | 21.38% | 22.05% | 22.39% | 22.82% | 22.67% | 22.96% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,749,000K ÷ $8,160,000K
= 21.43%
Ingredion Inc's gross profit margin has been showing a steady increase over the past eight quarters, reflecting an improving trend in the company's ability to generate profits from its core operations. The margin expanded from 18.80% in Q4 2022 to 21.43% in Q4 2023, indicating an upward trajectory in profitability. This growth trend suggests that Ingredion Inc has been effectively managing its production costs and/or pricing strategies to enhance profitability. The consistent improvement in gross profit margin demonstrates the company's ability to maintain a healthy balance between revenue and cost of goods sold, which is a positive indicator of operational efficiency and financial strength.
Peer comparison
Dec 31, 2023