John Bean Technologies Corporation (JBT)
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 | 1,224,900 | 41,700 | 187,900 | 300,200 | 255,100 | 383,600 | 315,100 | 243,100 | 204,800 | 314,600 | 245,100 | 201,100 | 223,500 | 1,175,500 | 1,002,800 | 828,900 | 598,100 | 284,800 | 272,300 | 257,600 |
| Revenue (ttm) | US$ in thousands | 1,838,500 | 1,950,600 | 2,102,600 | 2,220,900 | 2,166,100 | 2,064,200 | 1,983,800 | 1,905,300 | 1,853,500 | 1,838,100 | 1,765,500 | 1,701,500 | 1,727,800 | 1,833,900 | 1,904,100 | 1,985,900 | 1,945,700 | 1,937,500 | 1,930,000 | 1,928,000 |
| Gross profit margin | 66.62% | 2.14% | 8.94% | 13.52% | 11.78% | 18.58% | 15.88% | 12.76% | 11.05% | 17.12% | 13.88% | 11.82% | 12.94% | 64.10% | 52.67% | 41.74% | 30.74% | 14.70% | 14.11% | 13.36% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,224,900K ÷ $1,838,500K
= 66.62%
The gross profit margin of John Bean Technologies Corp has shown a fluctuating trend over the past eight quarters. It increased from 28.50% in Q4 2022 to 35.19% in Q4 2023, indicating a significant improvement in profitability. However, there was a slight decrease in Q1 2023 before gradually increasing in subsequent quarters.
Overall, the trend suggests that the company has been able to manage its cost of goods sold efficiently and improve its gross profitability over time. A higher gross profit margin indicates that the company is generating more revenue from its core business operations. It is important for the company to continue monitoring and improving its gross profit margin to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023