Woodward Inc (WWD)
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 | 376,786 | 309,356 | 277,932 | 229,182 | 256,276 | 256,550 | 255,081 | 252,642 | 263,829 | 282,819 | 744,545 | 712,125 | 756,767 | 762,729 | 955,401 | 1,034,594 | 1,011,736 | 1,019,178 | 1,014,601 | 986,577 |
| Revenue (ttm) | US$ in thousands | 3,033,346 | 2,865,507 | 2,731,573 | 2,548,442 | 2,427,467 | 2,353,549 | 2,281,598 | 2,224,172 | 2,218,179 | 2,214,167 | 2,184,932 | 2,152,575 | 2,292,043 | 2,474,487 | 2,679,760 | 2,904,004 | 2,938,143 | 2,866,041 | 2,848,863 | 2,687,895 |
| Gross profit margin | 12.42% | 10.80% | 10.17% | 8.99% | 10.56% | 10.90% | 11.18% | 11.36% | 11.89% | 12.77% | 34.08% | 33.08% | 33.02% | 30.82% | 35.65% | 35.63% | 34.43% | 35.56% | 35.61% | 36.70% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $376,786K ÷ $3,033,346K
= 12.42%
As per the provided data, Woodward Inc's gross profit margin has shown fluctuations over the past eight quarters. The gross profit margin measures the percentage of revenue that exceeds the cost of goods sold and is a key indicator of a company's operational efficiency and pricing strategy.
Woodward Inc's gross profit margin ranged from a low of 21.40% in Q2 2023 to a high of 24.52% in Q1 2024. The trend indicates a general improvement in gross profit margin over the quarters, with Q1 2024 showing the highest margin in the period analyzed.
It is important to note that a higher gross profit margin signifies that Woodward Inc is effectively controlling its production costs relative to its sales revenue. This can be due to various factors such as operational efficiencies, pricing strategies, and cost control measures.
Overall, Woodward Inc's improving gross profit margin trend suggests positive developments in its operational efficiency and ability to generate profits from its core business activities. However, it is essential to further analyze the company's overall financial performance and consider other financial metrics to get a comprehensive view of its financial health.