Dana Inc (DAN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 114,000 | -85,000 | 177,000 | 621,000 | 1,131,000 |
| Revenue | US$ in thousands | 10,387,000 | 10,032,000 | 8,787,000 | 6,968,000 | 8,478,000 |
| Gross profit margin | 1.10% | -0.85% | 2.01% | 8.91% | 13.34% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $114,000K ÷ $10,387,000K
= 1.10%
The gross profit margin of Dana Inc has fluctuated over the past five years. In 2019, the company achieved the highest gross profit margin of 13.12%, indicating that for each dollar of revenue, Dana Inc retained $0.1312 as gross profit after deducting the cost of goods sold. However, there was a significant decline in 2020, with the margin dropping to 8.74%.
In the following years, Dana Inc witnessed some recovery, with the gross profit margin fluctuating between 7.51% and 9.36%. The latest figure for Dec 31, 2023, shows a gross profit margin of 8.53%. This indicates that Dana Inc has been able to maintain a reasonable level of profitability relative to its revenue, albeit not reaching the peak observed in 2019.
Overall, the trend in the gross profit margin suggests that Dana Inc has faced challenges in maintaining consistent profitability in recent years, possibly due to factors such as fluctuations in input costs, pricing pressures, or changes in sales mix. Further analysis of the company's cost structure and competitive position may provide additional insights into the drivers behind these movements in the gross profit margin.
Peer comparison
Dec 31, 2023