Ford Motor Company (F)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 13,823,000 | 8,502,000 | 1,008,000 | -800,000 | 3,763,000 |
| Revenue | US$ in thousands | 176,191,000 | 158,057,000 | 136,341,000 | 127,144,000 | 155,900,000 |
| Gross profit margin | 7.85% | 5.38% | 0.74% | -0.63% | 2.41% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $13,823,000K ÷ $176,191,000K
= 7.85%
The gross profit margin of Ford Motor Co. has experienced fluctuations over the past five years. In 2023, the gross profit margin decreased to 14.55% from 14.97% in 2022, following a declining trend since 2021 when it was at 15.91%. The lowest point was in 2020 at 11.32%, before showing a slight improvement in 2019 at 13.60%.
The declining trend in gross profit margin may indicate challenges in managing production costs and maintaining profitability on the company's core operations. It is essential for Ford to carefully assess and address the factors contributing to the decrease in gross profit margin to ensure sustainable financial performance.
Peer comparison
Dec 31, 2023