Sturm Ruger & Company Inc (RGR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 133,619 | 180,085 | 279,557 | 191,441 | 99,548 |
| Revenue | US$ in thousands | 543,767 | 595,842 | 730,736 | 568,868 | 410,506 |
| Gross profit margin | 24.57% | 30.22% | 38.26% | 33.65% | 24.25% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $133,619K ÷ $543,767K
= 24.57%
The gross profit margin of Sturm, Ruger & Co., Inc. has fluctuated over the past five years. In 2021, the gross profit margin was at its peak at 38.26%, indicating that the company was able to generate a higher percentage of revenue remaining after deducting the cost of goods sold. However, there was a significant drop in the gross profit margin in 2022 to 30.22%. This decline suggests potential challenges in managing production costs or pricing strategies.
In 2023, the gross profit margin further decreased to 24.57%, which may raise concerns about the company's ability to effectively control production costs and maintain profitability levels. The gross profit margin in 2020 was slightly lower at 33.65%, indicating a relatively stable performance compared to the fluctuations observed in other years.
Overall, the trend in Sturm, Ruger & Co., Inc.'s gross profit margin shows variations, with a notable decline in recent years. It is essential for the company to closely monitor and address factors contributing to these fluctuations to sustain healthy profitability levels in the future.
Peer comparison
Dec 31, 2023