Rush Enterprises A Inc (RUSHA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,593,090 | 1,487,160 | 1,092,300 | 875,467 | 1,025,630 |
| Revenue | US$ in thousands | 7,925,020 | 7,101,670 | 5,126,140 | 4,735,940 | 5,809,850 |
| Gross profit margin | 20.10% | 20.94% | 21.31% | 18.49% | 17.65% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,593,090K ÷ $7,925,020K
= 20.10%
Rush Enterprises A Inc's gross profit margin has exhibited some fluctuations over the past five years, with the margin ranging from 17.65% in 2019 to 21.31% in 2021. The company's gross profit margin decreased slightly to 18.49% in 2020 before rebounding to 20.94% in 2022 and then slightly declining to 20.10% in 2023.
Overall, the company has maintained a relatively stable gross profit margin, indicating consistency in its ability to generate profits from sales after accounting for the cost of goods sold. It is noteworthy that the gross profit margin has generally been above 20% in recent years, which suggests efficient cost management and pricing strategies.
Further analysis of the factors influencing the fluctuations in the gross profit margin, such as changes in revenue, cost of goods sold, pricing strategies, and operational efficiency, would provide deeper insights into the company's financial performance and management effectiveness.
Peer comparison
Dec 31, 2023