Regal Beloit Corporation (RRX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,067,300 | 1,669,700 | 1,111,600 | 806,600 | 860,700 |
| Revenue | US$ in thousands | 5,732,000 | 5,128,000 | 3,737,000 | 2,864,300 | 3,230,400 |
| Gross profit margin | 36.07% | 32.56% | 29.75% | 28.16% | 26.64% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,067,300K ÷ $5,732,000K
= 36.07%
Regal Rexnord Corp's gross profit margin has shown a positive trend over the past five years, increasing from 26.58% at the end of 2019 to 33.07% at the end of 2023. This indicates the company's ability to efficiently manage its production costs and generate a higher percentage of revenue as gross profit. The consistent improvement in gross profit margin reflects positively on Regal Rexnord Corp's operational efficiency and profitability. The company's focus on cost control and pricing strategies seems to be effective, leading to a steady enhancement in its gross profit margin over the years.
Peer comparison
Dec 31, 2023