ODP Corp (ODP)
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 | 1,766,000 | 1,816,000 | 1,828,000 | 1,844,000 | 1,847,000 | 1,833,000 | 1,851,000 | 1,852,000 | 1,863,000 | 1,882,000 | 1,925,000 | 1,865,000 | 1,952,000 | 2,072,000 | 2,192,000 | 2,405,000 | 2,464,000 | 2,495,000 | 2,514,000 | 2,525,000 |
| Revenue (ttm) | US$ in thousands | 7,821,000 | 8,121,000 | 8,288,000 | 8,415,000 | 8,480,000 | 8,416,000 | 8,417,000 | 8,667,000 | 8,853,000 | 9,099,000 | 9,460,000 | 9,315,000 | 9,663,000 | 9,883,000 | 10,111,000 | 10,541,000 | 10,580,000 | 10,727,000 | 10,822,000 | 10,854,000 |
| Gross profit margin | 22.58% | 22.36% | 22.06% | 21.91% | 21.78% | 21.78% | 21.99% | 21.37% | 21.04% | 20.68% | 20.35% | 20.02% | 20.20% | 20.97% | 21.68% | 22.82% | 23.29% | 23.26% | 23.23% | 23.26% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,766,000K ÷ $7,821,000K
= 22.58%
The gross profit margin of ODP Corp has shown a fluctuating trend over the past several quarters. The margin has ranged from a low of 20.02% in March 2021 to a high of 23.29% in March 2019. Overall, the margin seems to have slightly increased in recent periods, with the latest reported figure of 22.58% in December 2023. This indicates that the company is effectively managing its production costs and generating a reasonable level of gross profit relative to its revenue. However, further analysis and comparison with industry benchmarks may be necessary to fully assess the company's performance in this aspect.
Peer comparison
Dec 31, 2023