71.3B 4.8%
Total Revenue QoQ (NONE) - Q3 '24

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Income Statement (NONE)

Q3 '24 QoQ
Revenue 71.3B 4.8%
Gross Profit 60B 3.8%
Cost of Revenue 11.3B 10.1%
Operating expense 26.2B 17.8%
Net Income 27.3B 36.2%
EBITDA 37.4B 7.4%

Balance Sheet (NONE)

Q3 '24 QoQ
Total Assets 397B 7.6%
Total Liabilities 277B 7.8%
Total Equity 121B 7.1%
Shares Outstanding 4.45B 0.3%

Cash Flow (NONE)

Q3 '24 QoQ
Cash from operations 43.9B 13.2%
Cash from financing -18.4B 210.3%

Financial Highlights for Novo Nordisk in Q3 '24

Novo Nordisk reported a revenue of 71.3B, which is a 4.8% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.

Gross Profit stood at 60B, marking a 3.8% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.

Cost of Revenue was 11.3B, a 10.1% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.

Operating Expenses for this period were 26.2B, showing a -17.8% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.

Net Income for the quarter was 27.3B, showing a 36.2% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.

The company's EBITDA for the quarter was 37.4B, showing a 7.4% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.

It was a positive quarter for Novo Nordisk with growth in revenue, gross profit, and net income. An increase in the cost of revenue, higher than the revenue growth, suggests potential margin pressures.

The analytics provided are estimates and not a substitute for professional advice. All investments involve risks, including possible capital loss.
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