Woodward Inc (WWD)
Gross profit margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 519,019 | 491,464 | 462,717 | 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 |
| Revenue (ttm) | US$ in thousands | 3,311,919 | 3,214,747 | 3,156,401 | 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 |
| Gross profit margin | 15.67% | 15.29% | 14.66% | 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% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $519,019K ÷ $3,311,919K
= 15.67%
The gross profit margin of Woodward Inc has shown fluctuations over the past few years. It increased from 10.80% in September 2023 to 15.67% in September 2024, indicating an improvement in the company's ability to generate profits from its sales after deducting the cost of goods sold. However, there was a decline in the gross profit margin in the following quarters, showing a decrease to 14.66% in March 2024.
The gross profit margin reached a peak of 34.08% in March 2021, but then experienced a significant decline in the following quarters. This sharp decrease may indicate changes in the company's pricing strategy, cost structure, or sales mix during that period.
Overall, it is essential for Woodward Inc to closely monitor its gross profit margin trend to ensure sustainable profitability and efficient cost management in the future. Further analysis of the company's cost of goods sold and revenue generation is recommended to identify factors impacting the gross profit margin fluctuations.