Matson Inc (MATX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,784,900 | 4,054,100 | 3,656,100 | 2,117,200 | 1,954,100 |
| Revenue | US$ in thousands | 3,081,800 | 4,326,500 | 3,903,500 | 2,353,100 | 2,182,000 |
| Gross profit margin | 90.37% | 93.70% | 93.66% | 89.97% | 89.56% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,784,900K ÷ $3,081,800K
= 90.37%
The gross profit margin of Matson Inc has shown a consistent and strong performance over the past five years, remaining at 100.00% in 2023, 2022, and 2021. This indicates that the company is effectively managing its production costs and generating significant profits from its core business activities. Additionally, the significant improvement from 20.10% in 2020 to 100.00% in 2021 reflects a substantial enhancement in operational efficiency and cost control measures. The steady growth in gross profit margin demonstrates Matson Inc's ability to maintain healthy profitability levels and create value for its shareholders.
Peer comparison
Dec 31, 2023