Hanesbrands Inc (HBI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,896,410 | 2,221,110 | 2,651,700 | 1,602,700 | 2,428,700 |
| Revenue | US$ in thousands | 5,628,060 | 6,226,350 | 6,745,200 | 6,115,600 | 6,956,190 |
| Gross profit margin | 33.70% | 35.67% | 39.31% | 26.21% | 34.91% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,896,410K ÷ $5,628,060K
= 33.70%
The gross profit margin of Hanesbrands Inc has exhibited fluctuations over the past five years. In 2023, the gross profit margin stood at 33.70%, down from 35.67% in 2022 and significantly lower than the 39.31% reported in 2021. This decrease suggests a potential decrease in the company's ability to generate profits from its core business activities in 2023 compared to the previous year. The gross profit margin had experienced a notable dip in 2020, standing at 26.21%, but rebounded in 2019 to 34.91%. Further analysis of the underlying factors affecting the cost of goods sold and revenue generation would be necessary to understand the reasons behind these fluctuations in the gross profit margin of Hanesbrands Inc.