GE Vernova LLC (GEV)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,965,000 | 3,650,000 | 5,314,000 |
| Revenue | US$ in thousands | 33,239,000 | 29,654,000 | 33,006,000 |
| Gross profit margin | 14.94% | 12.31% | 16.10% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,965,000K ÷ $33,239,000K
= 14.94%
The gross profit margin of GE Vernova LLC has displayed varying trends over the past three years. In 2021, the gross profit margin was at its highest point, standing at 16.10%. However, in 2022, there was a decrease in the gross profit margin to 12.31%, indicating a decline in the company's efficiency in generating profit from its sales.
On a positive note, in 2023, there was an improvement in the gross profit margin to 14.94%, signaling a recovery or enhancement in the company's ability to control its cost of goods sold relative to its revenue.
The fluctuations in the gross profit margin may be attributed to changes in pricing strategies, cost management, sales volume, or the mix of products/services offered by GE Vernova LLC. Further analysis and comparison with industry benchmarks may provide additional insights into the company's operational performance and competitiveness in its market.
Peer comparison
Dec 31, 2023