International Flavors & Fragrances Inc (IFF)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	3,681,000	4,151,000	3,735,000	2,086,000	2,113,000
Revenue	US$ in thousands	11,002,000	12,118,000	11,368,000	4,948,650	4,999,500
Gross profit margin		33.46%	34.25%	32.86%	42.15%	42.26%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $3,681,000K ÷ $11,002,000K
= 33.46%

The gross profit margin of International Flavors & Fragrances Inc. has shown a declining trend over the past five years. From 2019 to 2023, the gross profit margin decreased from 41.10% to 32.07%. This decline may indicate challenges in maintaining profitability or managing cost of goods sold. It is important for the company to closely monitor and address factors impacting its gross profit margin to ensure sustainable financial performance.