Fresh Del Monte Produce Inc (FDP)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -11,400 | 98,600 | 80,000 | 49,200 | 66,500 |
| Revenue | US$ in thousands | 4,320,700 | 4,442,300 | 4,252,000 | 4,202,300 | 4,489,000 |
| Net profit margin | -0.26% | 2.22% | 1.88% | 1.17% | 1.48% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-11,400K ÷ $4,320,700K
= -0.26%
The net profit margin of Fresh Del Monte Produce Inc has fluctuated over the past five years. In 2023, the company experienced a negative net profit margin of -0.26%, indicating that its expenses exceeded its revenue, resulting in a loss. This is a significant decrease from the previous year where the net profit margin was 2.22%, signaling a decline in profitability.
In the years prior to 2023, the net profit margin ranged between 1.17% and 1.88%. While the margins were positive during those years, they were relatively low compared to the industry average. This suggests that the company may have struggled to generate significant profits relative to its revenue during those periods.
Overall, the downward trend in the net profit margin over the years indicates potential challenges in managing costs and maximizing profitability for Fresh Del Monte Produce Inc. Further analysis of the company's financial performance and strategic initiatives may be necessary to address these concerns and improve its profitability metrics.
Peer comparison
Dec 31, 2023