Johnson & Johnson (JNJ)

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	58,606,000	57,864,000	56,943,000	57,987,000	59,608,000	62,602,000	64,866,000	64,490,000	63,920,000	61,732,000	59,754,000	55,786,000	54,157,000	53,109,000	52,861,000	54,726,000	54,503,000	54,323,000	54,220,000	54,501,000
Revenue (ttm)	US$ in thousands	88,632,000	87,176,000	85,962,000	84,760,000	87,282,000	91,851,000	95,224,000	94,514,000	93,356,000	91,027,000	88,747,000	83,766,000	82,174,000	80,742,000	80,385,000	82,573,000	81,826,000	81,473,000	80,897,000	81,248,000
Gross profit margin		66.12%	66.38%	66.24%	68.41%	68.29%	68.16%	68.12%	68.23%	68.47%	67.82%	67.33%	66.60%	65.91%	65.78%	65.76%	66.28%	66.61%	66.68%	67.02%	67.08%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $58,606,000K ÷ $88,632,000K
= 66.12%

Over the past eight quarters, Johnson & Johnson's gross profit margin has displayed a relatively stable trend, fluctuating within a narrow range between 66.88% and 68.82%. While there were some minor variations quarter to quarter, the company has generally maintained a strong gross profit margin above 67%, indicating efficient cost management and healthy pricing strategies. The consistency in gross profit margin demonstrates the company's ability to effectively control production costs and maintain profitability in its operations. This stable performance in gross profit margin reflects positively on Johnson & Johnson's overall financial health and operational efficiency.