Innospec Inc (IOSP)

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	591,100	587,000	605,800	595,200	586,700	548,000	504,900	473,400	434,900	413,000	378,800	329,600	342,700	369,900	410,300	462,300	466,200	464,700	456,600	448,300
Revenue (ttm)	US$ in thousands	1,948,800	1,964,800	2,013,700	2,000,900	1,963,700	1,866,200	1,729,300	1,616,200	1,483,400	1,380,200	1,269,200	1,159,600	1,192,200	1,272,800	1,379,600	1,497,100	1,513,000	1,511,400	1,502,600	1,498,300
Gross profit margin		30.33%	29.88%	30.08%	29.75%	29.88%	29.36%	29.20%	29.29%	29.32%	29.92%	29.85%	28.42%	28.75%	29.06%	29.74%	30.88%	30.81%	30.75%	30.39%	29.92%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $591,100K ÷ $1,948,800K
= 30.33%

The gross profit margin of Innospec Inc has shown stability within a relatively narrow range over the past eight quarters, ranging from 29.20% to 30.33%. This indicates the company's ability to effectively manage its production costs and generate profits from its core operations. The slight fluctuations in gross profit margin suggest that Innospec has maintained consistency in its pricing strategy and cost control measures. Overall, the company's gross profit margin reflects a healthy level of profitability and operational efficiency.