Valvoline Inc (VVV)
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 | 560,500 | 544,500 | 525,300 | 502,400 | 483,000 | 476,400 | 466,700 | 464,900 | 463,100 | 432,300 | 570,900 | 631,900 | 733,400 | 863,000 | 822,000 | 842,000 | 838,000 | 810,000 | 796,000 | 790,000 |
| Revenue (ttm) | US$ in thousands | 1,481,500 | 1,440,900 | 1,388,900 | 1,969,700 | 2,511,200 | 3,036,400 | 2,996,200 | 2,831,200 | 2,646,200 | 2,441,200 | 2,798,000 | 2,522,000 | 2,400,000 | 2,354,000 | 2,331,000 | 2,428,000 | 2,440,000 | 2,390,000 | 2,355,000 | 2,319,000 |
| Gross profit margin | 37.83% | 37.79% | 37.82% | 25.51% | 19.23% | 15.69% | 15.58% | 16.42% | 17.50% | 17.71% | 20.40% | 25.06% | 30.56% | 36.66% | 35.26% | 34.68% | 34.34% | 33.89% | 33.80% | 34.07% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $560,500K ÷ $1,481,500K
= 37.83%
The gross profit margin of Valvoline Inc has shown fluctuations over the past eight quarters. In Q1 2024, the gross profit margin stood at 37.77%, a slight increase compared to Q4 2023 which was 37.72%. Notably, there is missing data for Q3 2023.
The gross profit margin in Q2 2023 was unusually high at 134.53%, which may need further investigation as it significantly deviates from the typical range. In Q1 2023 and Q4 2022, the gross profit margin was around 49.40% and 38.54% respectively, indicating relatively stable performance during those periods.
In the earlier quarters, specifically Q3 2022 and Q2 2022, the gross profit margin was lower at 28.73% and 29.64% respectively. This suggests that the company may have faced challenges in maintaining profitability during that period.
Overall, the analysis of Valvoline Inc's gross profit margin highlights fluctuations in performance over the past two years, emphasizing the importance of monitoring and analyzing this key financial metric to understand the company's profitability trends.
Peer comparison
Dec 31, 2023