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