Dorman Products Inc (DORM)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	685,423	564,450	462,916	383,116	339,825
Revenue	US$ in thousands	1,881,730	1,718,170	1,343,090	1,095,250	991,329
Gross profit margin		36.43%	32.85%	34.47%	34.98%	34.28%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $685,423K ÷ $1,881,730K
= 36.43%

Dorman Products Inc's gross profit margin has shown fluctuations over the past five years. The margins ranged from 32.56% in 2022 to 35.52% in 2023. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue. The increase in the gross profit margin in 2023 compared to the previous year suggests improved efficiency in production and better pricing strategies. However, it is important to note that the margin in 2022 was slightly lower than in 2021, indicating potential challenges in cost control during that year. Overall, Dorman Products Inc has maintained a relatively stable gross profit margin over the years, which is a positive sign for its operational performance.