Crocs Inc (CROX)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,210,010 | 2,175,636 | 2,135,302 | 2,011,728 | 1,860,282 | 1,735,983 | 1,594,477 | 1,491,925 | 1,420,220 | 1,277,280 | 1,084,253 | 869,005 | 749,948 | 647,102 | 604,157 | 613,603 | 617,056 | 590,640 | 565,875 | 557,896 |
| Revenue (ttm) | US$ in thousands | 3,799,361 | 3,774,430 | 3,720,249 | 3,622,738 | 3,424,385 | 3,112,307 | 2,781,762 | 2,484,734 | 2,300,270 | 2,125,150 | 1,864,815 | 1,557,826 | 1,377,267 | 1,228,740 | 1,178,749 | 1,205,848 | 1,221,229 | 1,174,239 | 1,127,337 | 1,100,907 |
| Gross profit margin | 58.17% | 57.64% | 57.40% | 55.53% | 54.32% | 55.78% | 57.32% | 60.04% | 61.74% | 60.10% | 58.14% | 55.78% | 54.45% | 52.66% | 51.25% | 50.89% | 50.53% | 50.30% | 50.20% | 50.68% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,210,010K ÷ $3,799,361K
= 58.17%
Crocs Inc has displayed consistent gross profit margin improvement over the past eight quarters, with an increasing trend from Q1 2022 to Q4 2023. The company's gross profit margin increased from 52.33% in Q4 2022 to 55.78% in Q4 2023. This indicates an upward trajectory in the efficiency of their production and pricing strategies. The ability to maintain and enhance their gross profit margin suggests effective cost management and pricing strategies implemented by Crocs Inc. This positive trend signals the company's strength in generating profits from its core business operations.
Peer comparison
Dec 31, 2023