Crane NXT Co (CXT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 250,900 | 490,200 | 1,241,000 | 965,100 | 1,179,000 |
| Revenue | US$ in thousands | 1,391,300 | 3,374,900 | 3,408,000 | 2,936,900 | 3,074,500 |
| Gross profit margin | 18.03% | 14.52% | 36.41% | 32.86% | 38.35% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $250,900K ÷ $1,391,300K
= 18.03%
Crane NXT Co's gross profit margin has displayed fluctuations over the past five years. In 2023, the gross profit margin increased to 18.03%, showing an improvement from the previous year's 14.52%. However, compared to historical data, the recent margin remains lower than the levels seen in 2021, where it notably reached 36.41%. The substantial decrease in gross profit margin from 2021 to 2022 could raise concerns about the company's ability to effectively manage production costs or maintain pricing strategies. Further analysis is warranted to understand the underlying factors driving these changes and to assess the company's overall profitability trends.
Peer comparison
Dec 31, 2023