Perrigo Company PLC (PRGO)

Gross profit margin

		Sep 30, 2024	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
Gross profit (ttm)	US$ in thousands	1,584,800	1,591,600	1,624,600	1,680,300	1,635,600	1,587,300	1,531,400	1,455,400	1,435,200	1,408,700	1,385,600	1,416,200	1,523,000	1,614,700	1,700,400	1,815,200	1,826,800	1,811,500	1,807,600	1,773,200
Revenue (ttm)	US$ in thousands	4,392,400	4,428,700	4,556,100	4,655,500	4,653,900	4,630,300	4,558,900	4,451,700	4,401,300	4,343,800	4,203,200	4,138,700	4,323,300	4,494,300	4,732,300	5,063,300	5,096,600	5,074,000	5,003,900	4,837,400
Gross profit margin		36.08%	35.94%	35.66%	36.09%	35.14%	34.28%	33.59%	32.69%	32.61%	32.43%	32.97%	34.22%	35.23%	35.93%	35.93%	35.85%	35.84%	35.70%	36.12%	36.66%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,584,800K ÷ $4,392,400K
= 36.08%

Perrigo Company PLC's gross profit margin has shown a relatively stable trend over the past few quarters, ranging between 32.43% to 36.66%. The gross profit margin for the latest quarter, as of September 30, 2024, stands at 36.08%, indicating the company retains approximately 36.08% of its revenue after direct costs of goods sold are deducted.

The consistent gross profit margin suggests that Perrigo is effectively managing its production and manufacturing costs in relation to its revenues. A higher gross profit margin generally indicates better efficiency in manufacturing and pricing strategies, while a declining margin could indicate increasing production costs or pricing pressures.

Overall, the gross profit margin analysis indicates that Perrigo Company PLC has been maintaining a healthy level of profitability in its operations over the analyzed period.