Littelfuse Inc (LFUS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 900,241 | 1,006,910 | 771,926 | 501,172 | 546,295 |
| Revenue | US$ in thousands | 2,310,490 | 2,463,320 | 2,044,240 | 1,439,720 | 1,476,410 |
| Gross profit margin | 38.96% | 40.88% | 37.76% | 34.81% | 37.00% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $900,241K ÷ $2,310,490K
= 38.96%
Littelfuse Inc's gross profit margin has exhibited fluctuations over the past five years, ranging from a low of 34.81% in 2020 to a high of 40.88% in 2022. The company's gross profit margin for the most recent year, ending December 31, 2023, stands at 38.96%. This indicates that for each dollar of revenue generated, Littelfuse Inc retained 38.96 cents as gross profit after accounting for the cost of goods sold.
The overall trend in the gross profit margin shows some variability, suggesting potential changes in factors such as pricing strategies, production costs, or sales mix. It is important for stakeholders to monitor these fluctuations and assess the company's ability to manage its production and pricing efficiency effectively.
Peer comparison
Dec 31, 2023