Parker-Hannifin Corporation (PH)

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	3,542,009	2,955,801	2,801,679	2,494,627	2,632,426	2,594,479	2,556,657	2,698,340	2,475,920	2,247,428	2,165,627	2,020,640	1,859,396	4,568,343	4,380,965	4,149,364	4,126,411	4,647,281	4,765,467	4,949,199
Revenue (ttm)	US$ in thousands	19,954,000	19,312,100	19,271,150	19,107,110	18,836,130	18,077,990	17,191,440	16,426,780	15,687,760	15,400,500	15,059,880	14,645,580	14,118,560	13,381,960	13,273,130	13,339,290	13,425,410	13,946,280	14,011,920	14,021,370
Gross profit margin		17.75%	15.31%	14.54%	13.06%	13.98%	14.35%	14.87%	16.43%	15.78%	14.59%	14.38%	13.80%	13.17%	34.14%	33.01%	31.11%	30.74%	33.32%	34.01%	35.30%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,542,009K ÷ $19,954,000K
= 17.75%

Parker-Hannifin Corporation's gross profit margin has fluctuated over the past few quarters. The trend shows a slight increase from 13.17% in March 2021 to 17.75% in June 2024, indicating an improvement in the company's ability to generate profit from its core operations.

There was a significant decline in the gross profit margin from 34.14% in March 2021 to 13.06% in September 2023, suggesting potential challenges or inefficiencies faced by the company during that period. However, there seems to be a recovery as the margin improved to 17.75% by June 2024.

Overall, the company's gross profit margin has been volatile, with fluctuations observed in the short term. It is essential for Parker-Hannifin Corporation to continue monitoring and managing its cost of goods sold and pricing strategies to maintain a healthy gross profit margin and improve overall profitability.