Colgate-Palmolive Company (CL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 11,326,000 | 10,248,000 | 10,375,000 | 10,017,000 | 9,325,000 |
| Revenue | US$ in thousands | 19,457,000 | 17,967,000 | 17,421,000 | 16,471,000 | 15,693,000 |
| Gross profit margin | 58.21% | 57.04% | 59.55% | 60.82% | 59.42% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $11,326,000K ÷ $19,457,000K
= 58.21%
The gross profit margin of Colgate-Palmolive Co. has shown some fluctuation over the past five years. In 2023, the gross profit margin was 58.21%, slightly higher than the previous year's 57.04%. However, it was lower compared to 2021 when it was at 59.55%. The company experienced the highest gross profit margin in 2020 at 60.82% and a slightly lower margin of 59.42% in 2019.
Overall, the trend in Colgate-Palmolive's gross profit margin appears to have been relatively stable, fluctuating within a range of approximately 2.4% over the past five years. This metric is essential as it indicates the percentage of revenue that remains after accounting for the cost of goods sold, reflecting the company's efficiency in managing production costs and pricing strategies.
Peer comparison
Dec 31, 2023