Premier Inc (PINC)
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 | 888,012 | 884,691 | 883,428 | 904,886 | 896,289 | 887,882 | 881,289 | 875,048 | 885,039 | 880,788 | 880,118 | 854,601 | 837,334 | 821,841 | 841,729 | 850,111 | 866,801 | 880,194 | 863,671 | 863,944 |
| Revenue (ttm) | US$ in thousands | 1,346,361 | 1,336,457 | 1,316,093 | 1,340,974 | 1,336,095 | 1,336,437 | 1,362,038 | 1,381,627 | 1,432,901 | 1,573,710 | 1,695,800 | 1,739,412 | 1,721,152 | 1,582,390 | 1,447,290 | 1,344,069 | 1,299,592 | 1,273,073 | 1,239,463 | 1,227,446 |
| Gross profit margin | 65.96% | 66.20% | 67.13% | 67.48% | 67.08% | 66.44% | 64.70% | 63.33% | 61.77% | 55.97% | 51.90% | 49.13% | 48.65% | 51.94% | 58.16% | 63.25% | 66.70% | 69.14% | 69.68% | 70.39% |
June 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $888,012K ÷ $1,346,361K
= 65.96%
Premier Inc's gross profit margin has shown a fluctuating trend over the past few quarters. The margin ranged from a low of 48.65% in March 2021 to a high of 67.48% in September 2023. It appears that there was a general improvement in the margin trend from December 2021 to December 2023, reaching a peak of 67.48%. However, there was a slight decline in the most recent quarter, with the margin reported at 65.96%.
Overall, Premier Inc's gross profit margin has shown resilience and has generally been above 60% in recent quarters, indicating strong pricing power and efficient cost management. It is important for Premier Inc to continue monitoring and managing its cost structure to sustain and potentially improve its gross profit margin in the future.
Peer comparison
Jun 30, 2024