Darling Ingredients Inc (DAR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 323,689 | 503,501 | 467,867 | 41,254 | 1,577 |
| Revenue | US$ in thousands | 6,543,760 | 6,399,860 | 4,676,920 | 3,496,520 | 3,274,760 |
| Gross profit margin | 4.95% | 7.87% | 10.00% | 1.18% | 0.05% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $323,689K ÷ $6,543,760K
= 4.95%
Over the past five years, Darling Ingredients Inc's gross profit margin has demonstrated fluctuations. The trend indicates a significant improvement from 2019 to 2021, with the margin increasing from a mere 0.05% in 2019 to 10.00% in 2021. This substantial improvement suggests enhanced efficiency in managing production costs and pricing strategies during this period. However, in 2022 and 2023, there was a notable decline in the gross profit margin, which could indicate increased costs or pricing pressures impacting the company's profitability. Further analysis of the company's cost structure and market dynamics is warranted to understand the underlying factors driving these fluctuations in gross profit margin.
Peer comparison
Dec 31, 2023