World Kinect Corporation (WKC)
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 | 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 | 1,112,000 | 1,087,600 | 1,048,600 | 1,026,200 |
| Revenue (ttm) | US$ in thousands | 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 | 36,819,000 | 37,449,500 | 38,556,300 | 39,247,700 |
| Gross profit margin | 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% | 3.02% | 2.90% | 2.72% | 2.61% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,058,200K ÷ $47,710,600K
= 2.22%
World Kinect Corp's gross profit margin has shown fluctuation over the past eight quarters, ranging from 1.84% to 2.23%. In Q4 2023, the gross profit margin stood at 2.22%, slightly lower than the previous quarter's 2.23%. The trend indicates a relatively stable level of profitability, with the margins consistently hovering around the 2% mark. However, the sharp decrease from Q1 2023's 1.90% to Q2 2023's 2.17% suggests some volatility in the company's ability to generate profits from its core operations. Further analysis of the underlying reasons for these fluctuations is necessary to assess the sustainability and efficiency of World Kinect Corp's revenue generation strategies.