Inter Parfums Inc (IPAR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 839,078 | 694,422 | 556,902 | 330,731 | 445,936 |
| Revenue | US$ in thousands | 1,317,700 | 1,086,700 | 879,500 | 539,000 | 713,500 |
| Gross profit margin | 63.68% | 63.90% | 63.32% | 61.36% | 62.50% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $839,078K ÷ $1,317,700K
= 63.68%
Interpreting the trend in Inter Parfums, Inc.'s gross profit margin over the past five years, we observe a relatively stable performance with minor fluctuations. The gross profit margin ranged between 61.36% and 63.90%, with the highest margin recorded in 2022 and the lowest in 2020. This consistency indicates effective cost management and pricing strategies, enabling the company to maintain healthy profitability from its sales. Overall, Inter Parfums, Inc. has demonstrated a solid ability to generate profits from its core operations, showcasing a consistent performance in this key financial metric.
Peer comparison
Dec 31, 2023