Sonic Automotive Inc (SAH)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,192,800 | 2,245,700 | 2,317,000 | 1,914,300 | 1,423,600 |
| Revenue | US$ in thousands | 14,233,300 | 14,238,800 | 13,905,900 | 12,344,200 | 9,728,520 |
| Gross profit margin | 15.41% | 15.77% | 16.66% | 15.51% | 14.63% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,192,800K ÷ $14,233,300K
= 15.41%
Based on the data provided, Sonic Automotive Inc's gross profit margin has shown a generally increasing trend from 14.63% in December 31, 2020, to 15.51% in December 31, 2021, further increasing to 16.66% by December 31, 2022. However, in the subsequent years, there was a slight dip in the gross profit margin to 15.77% by December 31, 2023, and 15.41% by December 31, 2024.
Overall, the increasing trend in the earlier years indicates improved efficiency in generating profit from sales. However, the slight decrease in the later years might suggest potential challenges such as changes in costs or pricing strategies. It is important for Sonic Automotive Inc to closely monitor and analyze the factors influencing its gross profit margin to ensure sustainable profitability and competitive positioning in the market.
Peer comparison
Dec 31, 2024