World Kinect Corporation (WKC)
Gross profit margin
| Dec 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,026,300 | 999,800 | 1,013,100 | 1,049,600 | 1,058,200 | 1,108,200 | 1,149,100 | 1,120,800 | 1,089,000 | 1,021,800 | 897,000 | 827,500 | 788,200 | 738,200 | 754,700 | 784,700 | 851,800 | 973,200 | 1,064,900 | 1,119,600 |
| Revenue (ttm) | US$ in thousands | 42,168,000 | 44,410,500 | 46,164,900 | 46,180,400 | 47,710,600 | 49,585,300 | 53,001,300 | 59,142,700 | 59,043,100 | 55,108,200 | 47,797,800 | 37,761,200 | 31,337,100 | 26,096,400 | 22,228,200 | 18,301,000 | 20,358,300 | 25,014,300 | 29,854,300 | 36,155,400 |
| Gross profit margin | 2.43% | 2.25% | 2.19% | 2.27% | 2.22% | 2.23% | 2.17% | 1.90% | 1.84% | 1.85% | 1.88% | 2.19% | 2.52% | 2.83% | 3.40% | 4.29% | 4.18% | 3.89% | 3.57% | 3.10% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,026,300K ÷ $42,168,000K
= 2.43%
World Kinect Corporation's gross profit margin has experienced fluctuations over the past few years, starting at 3.10% on March 31, 2020, and gradually increasing to a peak of 4.29% on March 31, 2021. However, there was a notable decline to 1.88% by June 30, 2022, before showing some recovery to 2.43% by December 31, 2024.
The trend in the gross profit margin suggests some volatility in the company's ability to generate profit from its core operations. There may be various factors influencing these changes, such as changes in the cost of goods sold, pricing strategies, or operational efficiency. It is important for World Kinect Corporation to closely monitor and analyze the drivers behind these fluctuations to maintain a healthy and sustainable gross profit margin in the future.