Merck & Company Inc (MRK)
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 | 30,604,000 | 29,935,000 | 29,215,000 | 28,696,000 | 28,832,000 | 29,281,000 | 28,031,000 | 26,326,000 | 23,628,000 | 18,919,000 | 18,292,000 | 17,579,000 | 18,219,000 | 21,210,000 | 19,718,000 | 20,036,000 | 19,051,000 | 17,835,000 | 17,413,000 | 16,205,000 |
| Revenue (ttm) | US$ in thousands | 60,114,000 | 59,314,000 | 58,311,000 | 57,869,000 | 59,283,000 | 58,974,000 | 57,169,000 | 53,978,000 | 48,704,000 | 46,131,000 | 43,906,000 | 41,857,000 | 43,287,000 | 36,488,000 | 37,956,000 | 40,363,000 | 39,122,000 | 45,971,000 | 44,368,000 | 43,073,000 |
| Gross profit margin | 50.91% | 50.47% | 50.10% | 49.59% | 48.63% | 49.65% | 49.03% | 48.77% | 48.51% | 41.01% | 41.66% | 42.00% | 42.09% | 58.13% | 51.95% | 49.64% | 48.70% | 38.80% | 39.25% | 37.62% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $30,604,000K ÷ $60,114,000K
= 50.91%
The gross profit margin of Merck & Co Inc has shown a consistent upward trend throughout the quarters of 2022 and 2023, indicating strong operational efficiency and effective cost management. The company's gross profit margin increased steadily from 70.48% in Q2 2022 to 73.17% in Q4 2023. This improvement suggests that Merck & Co Inc has been able to effectively control its production costs and maintain healthy margins on its products. The gradual increase in gross profit margin demonstrates the company's ability to generate higher profits from its core business activities over time.
Peer comparison
Dec 31, 2023