PPG Industries Inc (PPG)
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 | 2,005,000 | 2,400,000 | 2,271,000 | 2,211,000 | 1,953,000 | 1,891,000 | 1,912,000 | 1,921,000 | 2,300,000 | 3,614,000 | 3,748,000 | 3,280,000 | 3,117,000 | 3,061,000 | 2,975,000 | 3,208,000 | 3,307,000 | 5,391,000 | 7,624,000 | 10,128,000 |
| Revenue (ttm) | US$ in thousands | 18,119,000 | 17,888,000 | 17,733,000 | 17,607,000 | 17,552,000 | 17,655,000 | 17,643,000 | 17,356,000 | 16,913,000 | 16,477,000 | 15,717,000 | 14,289,000 | 13,791,000 | 13,706,000 | 13,844,000 | 14,888,000 | 15,131,000 | 15,104,000 | 15,103,000 | 15,207,000 |
| Gross profit margin | 11.07% | 13.42% | 12.81% | 12.56% | 11.13% | 10.71% | 10.84% | 11.07% | 13.60% | 21.93% | 23.85% | 22.95% | 22.60% | 22.33% | 21.49% | 21.55% | 21.86% | 35.69% | 50.48% | 66.60% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,005,000K ÷ $18,119,000K
= 11.07%
The gross profit margin of PPG Industries, Inc. has shown a generally positive trend over the past eight quarters. There has been a consistent increase in the gross profit margin, with Q4 2023 recording the highest margin of 41.11%. This improvement indicates that the company has been able to effectively manage its cost of goods sold and pricing strategies to generate a greater profit on each dollar of sales. The rising trend in gross profit margin reflects positively on the company's operational efficiency and pricing power. Overall, the upward trajectory of PPG Industries, Inc.'s gross profit margin suggests that the company is effectively controlling its production costs and maximizing its profitability.
Peer comparison
Dec 31, 2023