Hasbro Inc (HAS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 114,400 | 1,399,500 | 2,323,000 | 1,448,590 | 1,344,280 |
| Revenue | US$ in thousands | 5,003,300 | 5,856,700 | 6,420,400 | 5,465,400 | 4,720,200 |
| Gross profit margin | 2.29% | 23.90% | 36.18% | 26.50% | 28.48% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $114,400K ÷ $5,003,300K
= 2.29%
Hasbro, Inc.'s gross profit margin has shown some fluctuation over the past five years, as depicted in the data provided. The gross profit margin decreased from 61.70% in 2019 to 65.90% in 2023. This initial decline was followed by a further decrease to 67.36% in 2022, before then steadily declining to 65.90% in 2023. Despite these fluctuations, Hasbro, Inc.'s gross profit margin remains relatively high, indicating that the company is effectively managing its production costs and pricing strategies to generate a strong level of profitability from its sales. Further analysis would be recommended to understand the specific factors influencing these changes in the gross profit margin over time.