Silgan Holdings Inc (SLGN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 992,558 | 1,047,810 | 918,416 | 867,399 | 713,744 |
| Revenue | US$ in thousands | 5,814,890 | 6,283,680 | 5,567,300 | 4,816,640 | 4,489,930 |
| Gross profit margin | 17.07% | 16.68% | 16.50% | 18.01% | 15.90% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $992,558K ÷ $5,814,890K
= 17.07%
The gross profit margin of Silgan Holdings Inc. has shown a relatively steady performance over the past five years, ranging from 15.90% in 2019 to 17.62% in 2020. In the most recent year, as of December 31, 2023, the gross profit margin stood at 16.58%. This indicates that for every dollar of revenue generated, approximately 16.58 cents were retained as gross profit after accounting for the cost of goods sold. The slight fluctuations in the gross profit margin suggest that Silgan Holdings has been managing its production and cost of goods sold effectively, although there may be room for further optimization to enhance profitability. It would be beneficial to monitor trends in the gross profit margin over time to assess the company's operational efficiency and pricing strategies.
Peer comparison
Dec 31, 2023