Paramount Global Class B (PARA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 667,000 | 1,378,000 | 3,009,000 | 2,792,000 | 2,860,000 |
| Revenue | US$ in thousands | 28,736,000 | 29,122,000 | 27,728,000 | 24,250,000 | 27,013,000 |
| Gross profit margin | 2.32% | 4.73% | 10.85% | 11.51% | 10.59% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $667,000K ÷ $28,736,000K
= 2.32%
Paramount Global has consistently maintained a gross profit margin of 100% over the past five years, reflecting a strong ability to generate revenue after accounting for the cost of goods sold. This stability in gross profit margin suggests effective cost management, pricing strategies, and product differentiation within the company. A gross profit margin of 100% indicates that Paramount Global is able to cover all direct production costs while still achieving a profit on each sale. It is important to note that a gross profit margin of 100% over an extended period may raise questions regarding the accuracy of financial reporting or the exclusion of certain costs from the calculation. Further analysis of the company's financial statements and industry benchmarks would be useful to gain a deeper understanding of the factors contributing to this consistent performance.
Peer comparison
Dec 31, 2023