Dana Inc (DAN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 876,000 | 900,000 | 763,000 | 837,000 | 621,000 |
| Revenue | US$ in thousands | 10,284,000 | 10,555,000 | 10,156,000 | 8,945,000 | 7,106,000 |
| Gross profit margin | 8.52% | 8.53% | 7.51% | 9.36% | 8.74% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $876,000K ÷ $10,284,000K
= 8.52%
Based on the data provided for Dana Inc's gross profit margin, there have been fluctuations over the years. The gross profit margin increased from 8.74% as of December 31, 2020, to 9.36% as of December 31, 2021, reflecting improved profitability. However, in the following years, there was a decline in the gross profit margin to 7.51% as of December 31, 2022, before recovering slightly to 8.53% as of December 31, 2023, and remaining stable at 8.52% as of December 31, 2024.
The fluctuation in the gross profit margin indicates variations in the company's ability to generate profits from its core operations after deducting direct costs. It is essential for Dana Inc to closely monitor its cost structure and pricing strategy to maintain and enhance its gross profit margin over time for sustainable profitability and financial health.
Peer comparison
Dec 31, 2024