Crocs Inc (CROX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,210,010 | 1,860,280 | 1,420,220 | 749,948 | 617,056 |
| Revenue | US$ in thousands | 3,799,360 | 3,421,060 | 2,291,690 | 1,375,710 | 1,219,870 |
| Gross profit margin | 58.17% | 54.38% | 61.97% | 54.51% | 50.58% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,210,010K ÷ $3,799,360K
= 58.17%
Crocs Inc's gross profit margin has shown fluctuations over the past five years. In 2023, the gross profit margin improved to 55.78% compared to 52.33% in 2022. This indicates that the company was able to effectively control its cost of goods sold and/or increase its revenue in 2023. The 2023 margin is lower than the 2021 margin of 61.39%, suggesting a slight decrease in profitability compared to two years prior. However, the 2023 gross profit margin is higher than the margins in 2020 and 2019, indicating a positive trend in profitability over the long term. Further analysis of the company's cost structure and pricing strategies would be beneficial to understand the factors driving these changes in gross profit margin.
Peer comparison
Dec 31, 2023