Procter & Gamble Company (PG)

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	18,907,000	20,487,000	20,346,000	19,450,000	18,662,000	18,266,000	18,045,000	18,433,000	18,469,000	18,268,000	17,896,000	18,038,000	18,314,000	31,095,000	30,666,000	29,716,000	28,602,000	27,998,000	27,869,000	27,221,000
Revenue (ttm)	US$ in thousands	84,039,000	84,060,000	83,933,000	83,265,000	82,006,000	80,968,000	80,281,000	80,461,000	80,187,000	79,618,000	78,346,000	77,138,000	76,118,000	74,870,000	73,975,000	72,470,000	70,950,000	70,346,000	69,594,000	68,792,000
Gross profit margin		22.50%	24.37%	24.24%	23.36%	22.76%	22.56%	22.48%	22.91%	23.03%	22.94%	22.84%	23.38%	24.06%	41.53%	41.45%	41.00%	40.31%	39.80%	40.05%	39.57%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $18,907,000K ÷ $84,039,000K
= 22.50%

The gross profit margin of Procter & Gamble Company has shown fluctuations over the past few quarters. In the most recent quarter, ending on June 30, 2024, the gross profit margin decreased to 22.50% from the previous quarter's 24.37%. Despite this decline, the gross profit margin remains relatively stable within the range of 22%-24% over the last few quarters.

The overall trend indicates that the company has been able to maintain a consistent level of gross profitability in its operations. However, the significant spike in gross profit margin to around 41% in the first and second quarters of 2021 may have been influenced by specific events or accounting adjustments during that period.

It is essential for stakeholders to closely monitor the factors contributing to these changes in gross profit margin to assess the company's operational efficiency, pricing strategy, cost management, and overall profitability.