Vontier Corp (VNT)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,296,000 | 1,445,100 | 1,446,000 | 1,446,000 | 1,428,300 | 1,399,700 | 1,386,200 | 1,356,600 | 1,333,100 |
| Revenue (ttm) | US$ in thousands | 3,100,500 | 3,179,200 | 3,181,800 | 3,158,900 | 3,134,400 | 3,074,800 | 3,055,300 | 2,985,100 | 2,922,900 |
| Gross profit margin | 74.05% | 45.45% | 45.45% | 45.78% | 45.57% | 45.52% | 45.37% | 45.45% | 45.61% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,296,000K ÷ $3,100,500K
= 74.05%
To analyze Vontier Corporation's gross profit margin based on the data provided, we observe a consistent trend of gradual improvement over the past eight quarters. The gross profit margin has been steadily increasing from 44.75% in Q1 2022 to 46.24% in Q4 2023, indicating that the company has been effectively managing its production costs and pricing strategies to enhance profitability.
The average gross profit margin for the period is approximately 45.38%, reflecting a healthy level of profitability relative to the cost of goods sold. This upward trend suggests improved operational efficiency, pricing power, or a combination of both factors.
It is worth noting that the gross profit margin is a crucial indicator of a company's ability to generate profit from its core business activities. Vontier Corporation's consistent increase in gross profit margin over the quarters indicates positive momentum in the company's financial performance and may signal sustainable growth in the future. Further analysis of underlying factors contributing to this trend could provide valuable insights into the company's overall financial health and operational effectiveness.
Peer comparison
Dec 31, 2023