Mondelez International Inc (MDLZ)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 13,764,000 | 11,312,000 | 11,254,000 | 10,446,000 | 10,337,000 |
| Revenue | US$ in thousands | 36,016,000 | 31,496,000 | 28,720,000 | 26,581,000 | 25,868,000 |
| Gross profit margin | 38.22% | 35.92% | 39.19% | 39.30% | 39.96% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $13,764,000K ÷ $36,016,000K
= 38.22%
Mondelez International Inc.'s gross profit margin has shown fluctuations over the past five years. In 2023, the gross profit margin improved to 38.22%, compared to 35.92% in 2022. However, it was lower than the margins seen in 2021 (39.19%), 2020 (39.30%), and 2019 (39.96%).
The decrease in 2022 followed by a rebound in 2023 could indicate that the company successfully addressed cost challenges or implemented pricing strategies that positively impacted its profitability.
It is essential to further investigate the factors contributing to these margin changes to assess the company's operational efficiency, pricing strategy, cost management, and competitive positioning in the market.
Peer comparison
Dec 31, 2023