nVent Electric PLC (NVT)
Gross profit margin
| Jun 30, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,430,800 | 1,394,400 | 1,342,100 | 1,279,900 | 1,216,700 | 1,152,600 | 1,096,700 | 1,052,300 | 1,012,800 | 980,200 | 941,900 | 891,700 | 838,000 | 763,100 | 749,400 | 772,000 | 799,300 | 851,200 | 865,800 | 864,900 |
| Revenue (ttm) | US$ in thousands | 3,378,900 | 3,314,100 | 3,194,500 | 3,090,800 | 2,994,600 | 2,923,100 | 2,877,800 | 2,790,500 | 2,688,000 | 2,561,200 | 2,414,500 | 2,289,800 | 2,156,000 | 2,000,600 | 1,970,800 | 2,016,300 | 2,063,700 | 2,153,500 | 2,170,000 | 2,171,400 |
| Gross profit margin | 42.35% | 42.07% | 42.01% | 41.41% | 40.63% | 39.43% | 38.11% | 37.71% | 37.68% | 38.27% | 39.01% | 38.94% | 38.87% | 38.14% | 38.03% | 38.29% | 38.73% | 39.53% | 39.90% | 39.83% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,430,800K ÷ $3,378,900K
= 42.35%
nVent Electric PLC's gross profit margin has shown a relatively stable trend over the past few quarters, ranging from 37.68% to 42.35%. This indicates that the company has been able to effectively manage its cost of goods sold and maintain a consistent level of profitability from its core operations. The upward movement in the gross profit margin from the earlier quarters of 2022 to the mid-year of 2024 suggests improvements in cost efficiencies or pricing strategies. However, it's worth noting that the margin dipped slightly in the most recent quarter compared to the previous one, which could warrant further monitoring to assess the underlying reasons. Overall, nVent Electric PLC's gross profit margin reflects a healthy level of operational efficiency and profitability within its business.
Peer comparison
Jun 30, 2024