Belden Inc (BDC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 954,966 | 916,289 | 771,843 | 575,622 | 793,505 |
| Revenue | US$ in thousands | 2,512,080 | 2,606,480 | 2,301,260 | 1,752,190 | 2,131,280 |
| Gross profit margin | 38.01% | 35.15% | 33.54% | 32.85% | 37.23% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $954,966K ÷ $2,512,080K
= 38.01%
From the data provided for Belden Inc, the gross profit margin has shown fluctuations over the past five years. In 2019, the gross profit margin was relatively high at 37.23%, which then decreased to 35.61% in 2020 before slightly increasing to 35.48% in 2021. However, there was a significant jump in the gross profit margin to 35.15% in 2022 and a further increase to 38.01% in 2023.
The increase in the gross profit margin from 2022 to 2023 indicates that the company may have effectively managed its cost of goods sold or increased its pricing strategy to improve profitability. This upward trend in the gross profit margin over the last two years suggests that Belden Inc's operations have become more efficient in generating profits from its core business activities.
Overall, the fluctuation in the gross profit margin of Belden Inc over the past five years highlights the company's ability to adapt to changing market conditions and optimize its operational performance to enhance profitability. It is essential for investors and stakeholders to continue monitoring this metric to assess the company's financial health and performance in the coming years.
Peer comparison
Dec 31, 2023