Mattel Inc (MAT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,583,720 | 2,481,350 | 2,626,660 | 2,243,100 | 1,977,340 |
| Revenue | US$ in thousands | 5,304,060 | 5,229,410 | 5,085,750 | 4,366,490 | 4,303,160 |
| Gross profit margin | 48.71% | 47.45% | 51.65% | 51.37% | 45.95% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,583,720K ÷ $5,304,060K
= 48.71%
Based on the historical data provided, Mattel Inc's gross profit margin has exhibited some variability over the past five years. In 2019, the gross profit margin stood at 45.95% before increasing to 51.37% in 2020, representing a significant improvement. However, in 2021, there was a slight decrease to 51.65% before a more noticeable drop to 47.45% in 2022. The latest available data for 2023 shows a slight recovery, with the gross profit margin at 48.71%.
Overall, the trend indicates some fluctuations in the gross profit margin of Mattel Inc over the period under review. It is essential for the company to closely monitor and manage its cost of goods sold and sales revenue to sustain or improve its gross profit margin in order to enhance profitability and operational efficiency.