BorgWarner Inc (BWA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,568,000 | 2,369,000 | 2,855,000 | 1,910,000 | 2,101,000 |
| Revenue | US$ in thousands | 14,198,000 | 12,635,000 | 14,838,000 | 10,165,000 | 10,168,000 |
| Gross profit margin | 18.09% | 18.75% | 19.24% | 18.79% | 20.66% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,568,000K ÷ $14,198,000K
= 18.09%
BorgWarner Inc's gross profit margin has exhibited slight fluctuation over the past five years, ranging from 18.09% to 20.66%. The trend indicates that the company's ability to generate profits from its core operations may have been impacted by various factors affecting its cost of goods sold and revenue. The decline in the gross profit margin from 2021 to 2023 suggests potential challenges in maintaining profitability levels. Further analysis is recommended to identify the specific drivers behind these fluctuations and to assess the overall effectiveness of BorgWarner Inc's pricing strategies, cost management, and operational efficiency.
Peer comparison
Dec 31, 2023