Resideo Technologies Inc (REZI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,696,000 | 1,766,000 | 1,584,000 | 1,344,000 | 1,277,000 |
| Revenue | US$ in thousands | 6,177,000 | 6,308,000 | 5,786,000 | 10,080,000 | 9,917,000 |
| Gross profit margin | 27.46% | 28.00% | 27.38% | 13.33% | 12.88% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,696,000K ÷ $6,177,000K
= 27.46%
The gross profit margin of Resideo Technologies Inc has shown a positive trend over the past five years, increasing from 23.86% in 2019 to 27.17% in 2023. This indicates the company's ability to effectively manage its production costs and generate profits from sales. The consistent improvement in the gross profit margin reflects better pricing strategies, cost controls, or possibly more efficient production processes. Overall, the trend suggests that Resideo Technologies Inc has been able to enhance its profitability and operational efficiency over the years.