Quaker Chemical Corporation (KWR)
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 | 705,644 | 690,758 | 668,160 | 640,033 | 612,654 | 595,248 | 579,630 | 584,517 | 594,640 | 597,790 | 592,851 | 535,786 | 513,443 | 507,561 | 472,426 | 450,201 | 392,117 | 330,823 | 306,859 | 312,635 |
| Revenue (ttm) | US$ in thousands | 1,882,612 | 1,892,565 | 1,899,214 | 1,897,711 | 1,880,954 | 1,865,850 | 1,827,228 | 1,779,037 | 1,740,473 | 1,678,776 | 1,593,852 | 1,442,077 | 1,384,720 | 1,398,527 | 1,359,589 | 1,286,904 | 1,125,665 | 945,852 | 846,586 | 862,335 |
| Gross profit margin | 37.48% | 36.50% | 35.18% | 33.73% | 32.57% | 31.90% | 31.72% | 32.86% | 34.17% | 35.61% | 37.20% | 37.15% | 37.08% | 36.29% | 34.75% | 34.98% | 34.83% | 34.98% | 36.25% | 36.25% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $705,644K ÷ $1,882,612K
= 37.48%
Quaker Houghton's gross profit margin has shown a generally positive trend over the past eight quarters, indicating the company's ability to efficiently manage its production costs and generate revenue from its core business operations. The gross profit margin increased steadily from 31.52% in Q4 2022 to 36.13% in Q4 2023, reaching its highest point in the final quarter of the analyzed period. This improvement highlights the company's effectiveness in controlling direct costs associated with producing goods or services. Overall, the upward trajectory of the gross profit margin suggests an enhanced profitability and operational efficiency for Quaker Houghton during the period under review.
Peer comparison
Dec 31, 2023