Linde plc Ordinary Shares (LIN)
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 | 8,128,000 | 7,845,000 | 7,501,000 | 6,154,000 | 5,739,000 | 5,291,000 | 6,094,000 | 7,770,000 | 7,476,000 | 7,024,000 | 6,715,000 | 6,114,000 | 5,648,000 | 6,531,000 | 6,287,000 | 6,351,000 | 10,371,000 | 13,560,000 | 14,317,000 | 15,105,000 |
| Revenue (ttm) | US$ in thousands | 32,607,000 | 32,273,000 | 32,937,000 | 33,237,000 | 33,292,000 | 33,587,000 | 32,468,000 | 31,582,000 | 30,594,000 | 29,518,000 | 28,675,000 | 27,486,000 | 27,002,000 | 27,013,000 | 27,360,000 | 28,187,000 | 28,392,000 | 27,128,000 | 22,988,000 | 18,737,000 |
| Gross profit margin | 24.93% | 24.31% | 22.77% | 18.52% | 17.24% | 15.75% | 18.77% | 24.60% | 24.44% | 23.80% | 23.42% | 22.24% | 20.92% | 24.18% | 22.98% | 22.53% | 36.53% | 49.99% | 62.28% | 80.62% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,128,000K ÷ $32,607,000K
= 24.93%
The gross profit margin of Linde Plc. has shown a generally positive trend over the past eight quarters. Starting at 41.70% in Q4 2022, the margin has steadily increased, reaching 46.76% in Q4 2023. This indicates that the company has been effectively managing its cost of goods sold and generating higher gross profits relative to its revenue.
The consistent improvement in the gross profit margin reflects positively on Linde's operational efficiency and pricing strategy. It suggests that the company has been able to control its production costs, enhance its pricing structure, or both.
Overall, the increasing trend in the gross profit margin of Linde Plc. indicates a strengthening financial performance and effective management of its core business operations.
Peer comparison
Dec 31, 2023
See also:
Linde plc Ordinary Shares Gross Profit Margin (Quarterly Data)