LCI Industries (LCII)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 776,190 | 1,273,290 | 1,043,040 | 706,090 | 539,202 |
| Revenue | US$ in thousands | 3,784,810 | 5,207,140 | 4,472,700 | 2,796,170 | 2,371,480 |
| Gross profit margin | 20.51% | 24.45% | 23.32% | 25.25% | 22.74% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $776,190K ÷ $3,784,810K
= 20.51%
The gross profit margin of LCI Industries has experienced some fluctuations over the past five years. In 2023, the gross profit margin decreased to 20.51% from 24.45% in 2022, indicating a decline in the percentage of sales revenue retained after accounting for the cost of goods sold. This may suggest potential challenges in managing production costs or pricing strategies during the year.
Comparing the current gross profit margin to previous years, it is below the 5-year average of 23.05%. This downward trend could be a cause for concern as it may signal reduced efficiency in generating profits from sales. Further analysis is required to determine the underlying factors contributing to this decline and assess the company's overall financial performance and competitiveness in its industry.
Peer comparison
Dec 31, 2023