Newell Brands Inc (NWL)

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	2,353,000	2,332,000	2,369,000	2,576,000	2,834,000	3,136,000	3,326,000	3,372,000	3,363,000	3,350,000	3,416,000	3,198,000	3,084,000	3,047,000	2,980,000	3,181,000	3,219,000	3,429,700	3,498,100	3,407,900
Revenue (ttm)	US$ in thousands	7,824,000	8,126,000	8,321,000	8,682,000	9,281,000	9,801,000	10,341,000	10,501,000	10,403,000	10,161,000	10,057,000	9,530,000	9,197,000	9,635,400	9,421,500	9,419,900	9,220,300	8,547,100	8,413,200	8,503,900
Gross profit margin		30.07%	28.70%	28.47%	29.67%	30.54%	32.00%	32.16%	32.11%	32.33%	32.97%	33.97%	33.56%	33.53%	31.62%	31.63%	33.77%	34.91%	40.13%	41.58%	40.07%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,353,000K ÷ $7,824,000K
= 30.07%

The gross profit margin of Newell Brands Inc has shown a declining trend over the past year, from 30.92% in Q1 2022 to 28.93% in Q4 2023. This indicates that the company's profitability from sales has been decreasing, possibly due to factors such as rising costs of goods sold or pricing pressures. It is important for the company to closely monitor and address these trends to ensure sustainable profitability in the future.