Par Pacific Holdings Inc (PARR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,196,820 | 796,466 | 227,712 | -47,709 | 450,352 |
| Revenue | US$ in thousands | 8,174,410 | 7,264,530 | 4,643,600 | 3,054,650 | 5,326,680 |
| Gross profit margin | 14.64% | 10.96% | 4.90% | -1.56% | 8.45% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,196,820K ÷ $8,174,410K
= 14.64%
The gross profit margin of Par Pacific Holdings Inc has shown fluctuations over the past five years. It increased from 11.07% in 2019 to 16.93% in 2023, indicating an improvement in the company's ability to generate profits from its core business operations. The significant rise in the gross profit margin suggests better cost management or potentially higher selling prices relative to the cost of goods sold. However, it is important to note that the margin was relatively lower in 2021 and 2020 at 7.89% and 5.67% respectively, which may indicate challenges in maintaining profitability during those years. Overall, the trending increase in the gross profit margin signifies a positive trajectory in Par Pacific Holdings Inc's operational efficiency and profitability.
Peer comparison
Dec 31, 2023