Century Communities Inc (CCS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,243,000 | 4,065,020 | 3,826,660 | 2,817,310 | 2,228,400 |
| Revenue | US$ in thousands | 3,692,180 | 4,505,920 | 4,216,310 | 3,161,190 | 2,535,910 |
| Gross profit margin | 87.83% | 90.22% | 90.76% | 89.12% | 87.87% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,243,000K ÷ $3,692,180K
= 87.83%
Century Communities Inc's gross profit margin has shown variability over the past five years. In 2023, the gross profit margin was reported at 21.75%, slightly lower than the previous year's margin of 25.20%. Despite the decrease, the 2023 margin remained relatively close to the 2022 level. Comparing this to the 2021 and 2020 margins of 24.86% and 19.50%, respectively, indicates fluctuations in the company's ability to generate profits from its core operations.
The upward trend in gross profit margin from 2019 to 2022 suggests an improvement in the company's efficiency in managing its production costs and pricing strategies. However, the slight decline in 2023 may indicate potential challenges or changes in the competitive landscape that impacted profitability.
Overall, Century Communities Inc's gross profit margin performance should be further analyzed in conjunction with other financial metrics to assess the overall financial health and operational efficiency of the company.
Peer comparison
Dec 31, 2023