SPX Corp (SPXC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 196,500 | 523,900 | 431,800 | 395,500 | 441,100 |
| Revenue | US$ in thousands | 1,713,100 | 1,450,500 | 1,205,300 | 1,542,400 | 1,502,300 |
| Gross profit margin | 11.47% | 36.12% | 35.83% | 25.64% | 29.36% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $196,500K ÷ $1,713,100K
= 11.47%
The gross profit margin of SPX Corp has exhibited fluctuations over the past five years. The margin was relatively low at 11.47% in 2023, indicating that the company retained a lower proportion of revenue after accounting for the cost of goods sold. This signifies potentially higher costs relative to sales revenue during 2023.
Comparatively, the gross profit margin was at its highest in 2022 at 36.12%, and remained relatively stable in 2021 at 35.83%, signifying that SPX Corp was able to effectively control its cost of goods sold in those years.
The margins were lower in 2020 and 2019 at 25.64% and 29.36%, respectively. These lower margins suggest that the company may have faced challenges in controlling its production costs during those periods.
In conclusion, the gross profit margin trend of SPX Corp reflects fluctuations in its cost management efficiency over the past five years, with varying levels of success in converting revenue into gross profit.
Peer comparison
Dec 31, 2023