MGP Ingredients Inc (MGPI)
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 | 304,712 | 282,780 | 268,380 | 251,309 | 253,306 | 242,846 | 240,884 | 238,487 | 198,965 | 177,943 | 144,019 | 107,894 | 98,806 | 88,635 | 84,263 | 83,083 | 76,532 | 80,580 | 81,389 | 81,308 |
| Revenue (ttm) | US$ in thousands | 829,876 | 812,630 | 802,152 | 788,133 | 782,358 | 758,210 | 733,675 | 713,632 | 626,720 | 560,788 | 486,732 | 404,055 | 394,172 | 385,352 | 373,217 | 371,159 | 361,563 | 374,318 | 378,595 | 376,354 |
| Gross profit margin | 36.72% | 34.80% | 33.46% | 31.89% | 32.38% | 32.03% | 32.83% | 33.42% | 31.75% | 31.73% | 29.59% | 26.70% | 25.07% | 23.00% | 22.58% | 22.38% | 21.17% | 21.53% | 21.50% | 21.60% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $304,712K ÷ $829,876K
= 36.72%
The gross profit margin of MGP Ingredients, Inc. has shown a positive trend over the past eight quarters, reaching 36.43% in Q4 2023, compared to 33.42% in Q1 2022. This indicates the company's ability to effectively control its production costs and generate higher profits from its core business activities. The gradual increase in gross profit margin suggests improved efficiency and pricing strategies, potentially leading to enhanced overall profitability. Monitoring this metric on an ongoing basis will provide insights into the company's operational performance and competitiveness within its industry.