Amphenol Corporation (APH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,084,100 | 4,028,200 | 3,401,800 | 2,664,100 | 2,616,000 |
| Revenue | US$ in thousands | 12,554,700 | 12,623,000 | 10,876,300 | 8,598,900 | 8,225,400 |
| Gross profit margin | 32.53% | 31.91% | 31.28% | 30.98% | 31.80% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,084,100K ÷ $12,554,700K
= 32.53%
The gross profit margin of Amphenol Corp. has shown a generally increasing trend over the past five years, ranging from 30.98% in 2020 to 32.53% in 2023. This indicates that the company has been effectively managing its production costs and generating a higher percentage of revenue as gross profit. The consistent improvement in gross profit margin suggests a strong pricing strategy, efficient cost controls, or a favorable product mix. Overall, Amphenol Corp.'s steady increase in gross profit margin reflects a positive trend in its profitability and operational efficiency.