Boston Beer Company Inc (SAM)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 852,369 | 869,986 | 853,084 | 844,696 | 861,986 | 796,250 | 711,200 | 721,114 | 797,792 | 914,285 | 982,174 | 916,109 | 814,452 | 740,971 | 688,221 | 637,599 | 614,166 | 588,326 | 557,718 | 540,686 |
| Revenue (ttm) | US$ in thousands | 2,008,625 | 2,062,428 | 2,057,282 | 2,070,221 | 2,090,334 | 1,990,903 | 1,956,093 | 1,942,655 | 2,057,622 | 2,170,465 | 2,101,614 | 1,950,947 | 1,736,432 | 1,576,795 | 1,462,469 | 1,328,738 | 1,249,824 | 1,173,746 | 1,102,150 | 1,056,843 |
| Gross profit margin | 42.44% | 42.18% | 41.47% | 40.80% | 41.24% | 39.99% | 36.36% | 37.12% | 38.77% | 42.12% | 46.73% | 46.96% | 46.90% | 46.99% | 47.06% | 47.99% | 49.14% | 50.12% | 50.60% | 51.16% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $852,369K ÷ $2,008,625K
= 42.44%
The gross profit margin of Boston Beer Company Inc has exhibited fluctuations over the years based on the provided data. From December 2019 to December 2023, the gross profit margin ranged from a high of 51.16% to a low of 36.36%.
In recent quarters, the company's gross profit margin has shown a declining trend, with the margin decreasing from 46.99% in March 2021 to 42.44% in December 2023. This downward trend may indicate potential challenges in managing production costs relative to revenue generated from sales.
It is important for Boston Beer Company Inc to closely monitor its cost structure and pricing strategies to maintain a healthy gross profit margin, as this metric reflects the efficiency of the company's core operations in generating profits before accounting for other expenses. Further analysis of the factors influencing the changes in the gross profit margin will be necessary to assess the company's overall financial health and competitiveness in the industry.
Peer comparison
Dec 31, 2023