Arrow Electronics Inc (ARW)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	4,149,020	4,836,620	4,202,360	3,191,130	3,298,380
Revenue	US$ in thousands	33,107,100	37,124,400	34,477,000	28,673,400	28,916,800
Gross profit margin		12.53%	13.03%	12.19%	11.13%	11.41%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,149,020K ÷ $33,107,100K
= 12.53%

Arrow Electronics Inc.'s gross profit margin has displayed some fluctuations over the past five years. The margin has ranged from a low of 11.13% in 2020 to a peak of 13.03% in 2022. In the most recent year, the gross profit margin was 12.53%, indicating a moderate decline compared to the previous year. Overall, while there have been fluctuations in the gross profit margin, Arrow Electronics Inc. has managed to maintain a level above 11% in each of the past five years, demonstrating the company's ability to effectively manage its cost of goods sold relative to its sales revenue.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Arrow Electronics Inc

ARW

12.53%