RXO Inc. (RXO)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | ||
|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 341,000 | 370,000 | 406,000 |
| Revenue (ttm) | US$ in thousands | 3,926,000 | 4,070,000 | 4,231,000 |
| Gross profit margin | 8.69% | 9.09% | 9.60% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $341,000K ÷ $3,926,000K
= 8.69%
The gross profit margin of RXO Inc. has shown a decreasing trend over the three most recent quarters. It was 9.60% in June 30, 2023, then decreased to 9.09% in September 30, 2023, and further decreased to 8.69% by December 31, 2023. This declining trend indicates that the company's profitability from sales after deducting the cost of goods sold has been decreasing over time. It is essential for the company to closely monitor and address the factors contributing to this decline to improve its overall financial performance.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
RXO Inc.
RXO
8.69%
Booking Holdings Inc
BKNG
32.25%
Expedia Group Inc.
EXPE
30.00%
GATX Corporation
GATX
57.94%
GXO Logistics Inc
GXO
5.75%
Verra Mobility Corp
VRRM
-171.52%
XPO Logistics Inc
XPO
63.56%