Axalta Coating Systems Ltd (AXTA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 597,000 | 656,500 | 319,800 | 334,200 | 192,500 |
| Revenue | US$ in thousands | 5,276,000 | 5,184,000 | 4,884,400 | 4,416,200 | 3,737,600 |
| Gross profit margin | 11.32% | 12.66% | 6.55% | 7.57% | 5.15% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $597,000K ÷ $5,276,000K
= 11.32%
Based on the data provided, the gross profit margin of Axalta Coating Systems Ltd has shown fluctuations over the years. In December 31, 2020, the gross profit margin was relatively low at 5.15%. However, there was an improvement in the subsequent years, with the margin increasing to 7.57% by December 31, 2021.
In 2022, the gross profit margin declined slightly to 6.55%. But, by December 31, 2023, there was a significant upturn in performance, with the gross profit margin soaring to 12.66%. This indicates an improvement in the company's ability to generate profits from its revenue after accounting for the cost of goods sold.
As of December 31, 2024, the gross profit margin remained strong at 11.32%, suggesting continued efficiency in managing production costs and pricing strategies. Overall, the trend demonstrates a mix of fluctuations and improvements in Axalta Coating Systems Ltd's gross profit margin over the years, reflecting the company's ability to adapt to changing market conditions and optimize its profitability.
Peer comparison
Dec 31, 2024