McKesson Corporation (MCK)

Gross profit margin

		Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	12,828,000	12,309,000	12,331,000	12,357,000	12,358,000	12,610,000	12,864,000	13,121,000	13,130,000	13,109,000	12,832,000	12,480,000	12,148,000	12,187,000	12,069,000	11,936,000	12,023,000	11,888,000	11,825,000	11,762,000
Revenue (ttm)	US$ in thousands	308,743,000	301,155,000	290,742,000	283,832,000	276,496,000	273,874,000	272,026,000	268,122,000	263,687,000	256,729,000	250,755,000	245,223,000	238,228,000	237,621,000	234,203,000	231,016,000	231,082,000	224,976,000	222,003,000	217,457,000
Gross profit margin		4.15%	4.09%	4.24%	4.35%	4.47%	4.60%	4.73%	4.89%	4.98%	5.11%	5.12%	5.09%	5.10%	5.13%	5.15%	5.17%	5.20%	5.28%	5.33%	5.41%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $12,828,000K ÷ $308,743,000K
= 4.15%

The gross profit margin of McKesson Corporation has shown a gradual decline over the past several quarters, with the latest reported margin at 4.15%. This indicates that the company is retaining 4.15% of its revenue as gross profit after accounting for the cost of goods sold. The trend over the past eight quarters suggests a slight decrease in profitability, possibly due to factors such as rising costs or pricing pressures in the industry. It is important for the company to closely monitor and manage its cost structure to maintain healthy profit margins and sustainable financial performance.