Boston Beer Company Inc (SAM)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 852,369 | 861,986 | 797,792 | 814,452 | 614,166 |
| Revenue | US$ in thousands | 2,008,620 | 2,090,330 | 2,057,620 | 1,736,430 | 1,249,820 |
| Gross profit margin | 42.44% | 41.24% | 38.77% | 46.90% | 49.14% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $852,369K ÷ $2,008,620K
= 42.44%
The gross profit margin for Boston Beer Company Inc has displayed fluctuations over the past five years, ranging from a high of 49.14% in 2019 to a low of 38.77% in 2021. The company's gross profit margin decreased significantly in 2021 but showed an improvement in the following years, reaching 42.44% in 2023. This indicates that the company was able to increase the proportion of revenue remaining after deducting the cost of goods sold in recent years. It is important to further investigate the factors contributing to these changes to assess the company's operational efficiency and pricing strategies.
Peer comparison
Dec 31, 2023