Fresh Del Monte Produce Inc (FDP)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 350,700 | 369,900 | 383,500 | 347,400 | 340,200 | 298,300 | 259,200 | 288,500 | 303,700 | 300,300 | 318,700 | 287,400 | 250,900 | 252,000 | 260,900 | 279,800 | 306,400 | 311,300 | 287,700 | 268,400 |
| Revenue (ttm) | US$ in thousands | 4,320,700 | 4,352,100 | 4,402,500 | 4,433,900 | 4,442,300 | 4,419,600 | 4,370,900 | 4,300,600 | 4,252,000 | 4,237,000 | 4,221,900 | 4,172,600 | 4,202,300 | 4,225,200 | 4,305,700 | 4,452,800 | 4,489,000 | 4,509,700 | 4,509,000 | 4,542,000 |
| Gross profit margin | 8.12% | 8.50% | 8.71% | 7.84% | 7.66% | 6.75% | 5.93% | 6.71% | 7.14% | 7.09% | 7.55% | 6.89% | 5.97% | 5.96% | 6.06% | 6.28% | 6.83% | 6.90% | 6.38% | 5.91% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $350,700K ÷ $4,320,700K
= 8.12%
Fresh Del Monte Produce Inc's gross profit margin has shown some fluctuations over the past few quarters, ranging from a low of 5.93% in June 2022 to a high of 8.71% in June 2023. Overall, the trend appears to be generally positive, with the gross profit margin showing an upward trajectory since June 2022. This could indicate improvements in the company's cost management, pricing strategies, or operational efficiencies, leading to a healthier margin on its sales. It is important for the company to continue monitoring and analyzing these trends to ensure sustained profitability and competitiveness in the market.
Peer comparison
Dec 31, 2023