The Mosaic Company (MOS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,210,600 | 5,755,800 | 3,200,300 | 1,064,900 | 897,300 |
| Revenue | US$ in thousands | 13,696,100 | 19,125,200 | 12,357,400 | 8,681,700 | 8,906,300 |
| Gross profit margin | 16.14% | 30.10% | 25.90% | 12.27% | 10.07% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,210,600K ÷ $13,696,100K
= 16.14%
The gross profit margin of Mosaic Company has shown some fluctuations over the past five years. In 2023, the gross profit margin was 16.14%, a decrease from the previous year's margin of 30.10%. This decrease may indicate a decline in the company's ability to generate profit from its core business activities.
Comparing the margins from 2023 to 2019, there has been a significant improvement as the gross profit margin has more than doubled during this period. However, it is important to note that the margin peaked in 2022 at 30.10% before decreasing in 2023.
Overall, while the current gross profit margin of Mosaic Company is lower than the previous year, the long-term trend shows an improvement in the company's ability to generate profit from its core operations. Further analysis of the factors influencing this margin variability would provide a deeper understanding of Mosaic Company's financial performance.
Peer comparison
Dec 31, 2023