Interpublic Group of Companies Inc (IPG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -4,761,300 | -4,877,100 | -4,545,500 | -4,966,500 | -4,494,700 |
| Revenue | US$ in thousands | 10,889,300 | 10,927,800 | 10,240,700 | 9,061,000 | 10,221,300 |
| Gross profit margin | -43.72% | -44.63% | -44.39% | -54.81% | -43.97% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-4,761,300K ÷ $10,889,300K
= -43.72%
Interpreting the gross profit margin data of Interpublic Group Of Cos., Inc. over the past five years reveals a consistent and healthy trend, as indicated by the 100.00% figure reported each year. A gross profit margin of 100.00% implies that the company is effectively managing its production costs relative to its revenue, resulting in all revenue being converted into gross profit. This suggests efficient cost control and pricing strategies within the company's operations. While a high gross profit margin can be indicative of strong performance, it is essential to consider other financial metrics and factors to gain a comprehensive understanding of the company's overall financial health.
Peer comparison
Dec 31, 2023