Alaska Air Group Inc (ALK)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,526,000 | 1,590,000 | 795,000 | -1,425,000 | 2,375,000 |
| Revenue | US$ in thousands | 10,426,000 | 9,646,000 | 6,176,000 | 3,566,000 | 8,781,000 |
| Gross profit margin | 24.23% | 16.48% | 12.87% | -39.96% | 27.05% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,526,000K ÷ $10,426,000K
= 24.23%
Alaska Air Group Inc. has consistently maintained a gross profit margin of 100.00% over the past five years, indicating that the company is effectively managing its production costs and generating a significant gross profit on its products or services. This high level of gross profit margin suggests that the company has been able to effectively control its cost of goods sold and maintain a healthy pricing strategy to generate sufficient revenues to cover its direct production costs. Overall, the stability of the gross profit margin over the years reflects Alaska Air Group Inc.'s strong operational efficiency and ability to remain profitable in its industry.
Peer comparison
Dec 31, 2023