CNH Industrial N.V. (CNH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,849,000 | 6,754,000 | 19,319,000 | 3,627,000 | 6,247,000 |
| Revenue | US$ in thousands | 24,687,000 | 23,551,000 | 33,428,000 | 14,779,000 | 28,079,000 |
| Gross profit margin | 31.79% | 28.68% | 57.79% | 24.54% | 22.25% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,849,000K ÷ $24,687,000K
= 31.79%
The gross profit margin of CNH Industrial N.V. has shown fluctuations over the past five years. In 2021, the gross profit margin was notably high at 57.79%, indicating a strong ability to generate revenue after accounting for the cost of goods sold. This could be attributed to effective cost management or possibly higher selling prices compared to the previous years.
However, there was a significant drop in the gross profit margin in 2022 to 28.68%, which may suggest challenges in maintaining profitability or an increase in the cost of goods sold relative to revenue generated.
The gross profit margin further improved in 2023 to 31.79%, although it remained below the levels seen in 2021. This could indicate an effort to enhance operational efficiency or pricing strategies to boost profitability.
Overall, the trend in the gross profit margin for CNH Industrial N.V. reflects variations in the company's ability to control production costs, manage pricing strategies, and optimize revenue generation over the past five years. Further analysis of the underlying factors influencing these fluctuations would be necessary to gain a deeper understanding of the company's financial performance.
Peer comparison
Dec 31, 2023