Fresh Del Monte Produce Inc (FDP)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 350,700 | 340,200 | 303,800 | 250,900 | 306,400 |
| Revenue | US$ in thousands | 4,320,700 | 4,442,300 | 4,252,000 | 4,202,300 | 4,489,000 |
| Gross profit margin | 8.12% | 7.66% | 7.14% | 5.97% | 6.83% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $350,700K ÷ $4,320,700K
= 8.12%
Fresh Del Monte Produce Inc's gross profit margin has shown a fluctuating trend over the past five years, ranging from a low of 5.97% in 2020 to a high of 8.12% in 2023. The company's gross profit margin improved significantly in 2023 compared to the previous years, indicating an enhanced ability to generate profits from its primary business activities. However, it is essential to monitor this metric over time to assess the company's efficiency in managing production costs and pricing strategies.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Fresh Del Monte Produce Inc
FDP
8.12%
Corteva Inc
CTVA
20.00%