Knowles Cor (KN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 283,400 | 276,300 | 359,500 | 271,200 | 328,000 |
| Revenue | US$ in thousands | 707,600 | 764,700 | 868,100 | 764,300 | 854,800 |
| Gross profit margin | 40.05% | 36.13% | 41.41% | 35.48% | 38.37% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $283,400K ÷ $707,600K
= 40.05%
The gross profit margin of Knowles Corp has shown a fluctuating trend over the past five years, as depicted in the provided data. The margin stood at 38.45% as of December 31, 2023, exhibiting a decrease from the previous year's figure of 40.34%.
In the preceding years, the gross profit margins were 41.41% in 2021, 35.78% in 2020, and 38.57% in 2019. This indicates some variability in the company's ability to generate profits from its core business operations and manage its cost of goods sold over the years.
The declining trend from 2021 to 2023 may suggest potential challenges in maintaining profitability, which could be attributed to factors such as pricing pressures, changes in input costs, or shifts in product mix. It would be beneficial for stakeholders to closely monitor future financial reports to assess the company's efforts in improving its gross profit margins and overall profitability.
Peer comparison
Dec 31, 2023