Enviri Corporation (NVRI)
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 | 435,563 | 412,339 | 390,605 | 354,917 | 335,730 | 327,442 | 328,331 | 343,678 | 357,800 | 364,900 | 350,400 | 319,300 | 291,700 | 529,653 | 801,723 | 1,020,122 | 1,332,917 | 120,124 | 587,247 | 1,099,313 |
| Revenue (ttm) | US$ in thousands | 2,069,225 | 2,008,711 | 1,971,037 | 1,931,921 | 1,889,065 | 1,882,838 | 1,866,309 | 1,853,931 | 1,848,399 | 1,564,837 | 1,603,850 | 1,582,457 | 1,534,033 | 1,455,934 | 1,369,691 | 1,273,308 | 1,204,369 | 1,435,717 | 1,364,125 | 1,353,134 |
| Gross profit margin | 21.05% | 20.53% | 19.82% | 18.37% | 17.77% | 17.39% | 17.59% | 18.54% | 19.36% | 23.32% | 21.85% | 20.18% | 19.02% | 36.38% | 58.53% | 80.12% | 110.67% | 8.37% | 43.05% | 81.24% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $435,563K ÷ $2,069,225K
= 21.05%
Based on the data provided for Enviri Corp's gross profit margin over multiple quarters, there is a clear upward trend observed over time. The gross profit margin has gradually increased from 17.77% in Q4 2022 to 21.05% in Q4 2023. This indicates that the company has been able to improve its efficiency in generating profits from its core operations.
The improvement in gross profit margin suggests that Enviri Corp has been able to effectively manage its production costs and maintain pricing power in its market. This increase can be attributed to various factors such as cost control measures, economies of scale, pricing strategies, or improved product mix.
Overall, the consistent growth in gross profit margin reflects positively on Enviri Corp's financial performance and operational effectiveness. It indicates that the company is becoming more profitable and efficient in its core business activities, which could lead to enhanced shareholder value and sustainable growth in the future.