Hanesbrands Inc (HBI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,359,520 | 1,896,410 | 2,221,110 | 2,651,700 | 1,848,260 |
| Revenue | US$ in thousands | 3,507,440 | 5,636,520 | 6,233,650 | 6,801,240 | 6,664,350 |
| Gross profit margin | 38.76% | 33.65% | 35.63% | 38.99% | 27.73% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,359,520K ÷ $3,507,440K
= 38.76%
Based on the data provided, Hanesbrands Inc's gross profit margin has shown some fluctuations over the past five years. The margin increased from 27.73% in December 31, 2020, to 38.99% by December 31, 2021, indicating an improvement in the company's ability to generate profit from its core operations.
However, in the subsequent years, there was some volatility in the gross profit margin, as it declined to 35.63% by December 31, 2022, and further to 33.65% by December 31, 2023. This could suggest potential challenges or changes in the company's cost structure or pricing strategy during those periods.
Nevertheless, by December 31, 2024, the gross profit margin rebounded to 38.76%, surpassing the levels seen in previous years. This improvement may indicate successful cost management or pricing adjustments that have positively impacted the company's profitability from sales.
In conclusion, the analysis of Hanesbrands Inc's gross profit margin indicates both positive and negative fluctuations over the five-year period, highlighting the importance of closely monitoring this key performance indicator to assess the company's operational efficiency and profitability.