Church & Dwight Company Inc (CHD)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,588,500 | 2,250,000 | 2,263,500 | 2,214,200 | 1,984,000 |
| Revenue | US$ in thousands | 5,867,900 | 5,375,600 | 5,190,100 | 4,895,800 | 4,357,700 |
| Gross profit margin | 44.11% | 41.86% | 43.61% | 45.23% | 45.53% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,588,500K ÷ $5,867,900K
= 44.11%
Church & Dwight Co., Inc.'s gross profit margin has shown some fluctuations over the past five years. In 2023, the company achieved a gross profit margin of 44.11%, which represents an increase compared to the previous year but is lower than the margins reported in 2020 and 2019. The 2022 margin was 41.86%, which was a decrease from 2021 but higher than the lowest point recorded in the last five years.
Historically, Church & Dwight Co., Inc. has maintained relatively stable gross profit margins, with the highest margin observed in 2019 at 45.53%. The margins have exhibited a downward trend since then, reaching a low point in 2022 at 41.86%.
Overall, while there have been fluctuations in the gross profit margin, the company has generally maintained margins above 40% over the period under review. This suggests that Church & Dwight Co., Inc. has been able to effectively manage its cost of goods sold relative to its revenue, although there may be opportunities for improvement in optimizing its gross profit margin in the future.
Peer comparison
Dec 31, 2023