Barnes Group Inc (B)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -37,064 | -2,155 | 87,919 | 45,820 | 146,558 |
| Revenue | US$ in thousands | 1,388,550 | 1,247,580 | 1,243,100 | 1,107,020 | 1,463,750 |
| Gross profit margin | -2.67% | -0.17% | 7.07% | 4.14% | 10.01% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-37,064K ÷ $1,388,550K
= -2.67%
The gross profit margin of Barnes Group Inc. has shown a declining trend over the past five years. In 2023, the gross profit margin stands at 30.47%, down from 33.43% in 2022, 36.14% in 2021, 35.86% in 2020, and 36.68% in 2019. This indicates a decrease in the percentage of revenue retained by the company after accounting for the cost of goods sold. A declining gross profit margin may suggest that Barnes Group Inc. is facing challenges in controlling production costs or that its pricing strategy is not as effective compared to previous years. Further analysis would be necessary to determine the specific factors contributing to this trend and to evaluate the overall financial health of the company.
Peer comparison
Dec 31, 2023