Enpro Industries (NPO)
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 | 426,800 | 436,000 | 447,200 | 444,700 | 423,300 | 396,500 | 369,400 | 344,300 | 328,100 | 262,600 | 273,400 | 268,700 | 285,500 | 370,400 | 373,600 | 399,600 | 403,800 | 395,400 | 407,200 | 405,600 |
| Revenue (ttm) | US$ in thousands | 1,013,100 | 1,047,200 | 1,078,000 | 1,139,100 | 1,189,800 | 1,130,600 | 1,139,000 | 1,108,000 | 1,061,700 | 1,115,600 | 1,100,800 | 1,049,300 | 1,052,000 | 1,071,900 | 1,180,600 | 1,324,500 | 1,406,800 | 1,501,700 | 1,516,900 | 1,523,500 |
| Gross profit margin | 42.13% | 41.63% | 41.48% | 39.04% | 35.58% | 35.07% | 32.43% | 31.07% | 30.90% | 23.54% | 24.84% | 25.61% | 27.14% | 34.56% | 31.64% | 30.17% | 28.70% | 26.33% | 26.84% | 26.62% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $426,800K ÷ $1,013,100K
= 42.13%
Enpro Inc's gross profit margin has been showing a consistent upward trend over the past eight quarters. The margin has steadily increased from 37.09% in Q1 2022 to 40.29% in Q4 2023. This improvement indicates that the company has been able to effectively control its costs of goods sold and/or increase its sales prices during this period.
The steady growth in gross profit margin suggests that Enpro Inc has been successful in managing its production costs and maintaining healthy pricing strategies. This trend is a positive sign of operational efficiency and could indicate that the company is effectively managing its resources to generate higher profits from its core business activities.
Overall, the improving gross profit margin of Enpro Inc reflects positively on the company's ability to generate profits from its primary operations and may indicate a strong financial performance in the period under review.