Pool Corporation (POOL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,660,040 | 1,933,410 | 1,617,090 | 1,130,900 | 924,925 |
| Revenue | US$ in thousands | 5,541,600 | 6,179,730 | 5,295,580 | 3,936,620 | 3,199,520 |
| Gross profit margin | 29.96% | 31.29% | 30.54% | 28.73% | 28.91% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,660,040K ÷ $5,541,600K
= 29.96%
The gross profit margin of Pool Corporation has fluctuated over the past five years. In 2023, the gross profit margin stood at 29.96%, which was a slight decrease from 31.29% in 2022. Despite this decline, the margin remained relatively consistent compared to the previous years, where it ranged between 28.73% and 30.54%.
Overall, the gross profit margin of Pool Corporation indicates the company's efficiency in managing its production costs and pricing strategies. A higher gross profit margin suggests that the company is effectively controlling its cost of goods sold relative to its revenue. While the recent decrease in the margin may warrant further investigation, Pool Corporation has generally maintained a stable gross profit margin over the past five years.