Sensata Technologies Holding NV (ST)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,083,540 | 1,273,510 | 1,099,080 | 926,534 | 1,183,200 |
| Revenue | US$ in thousands | 3,876,360 | 3,985,560 | 3,641,520 | 3,045,580 | 3,450,630 |
| Gross profit margin | 27.95% | 31.95% | 30.18% | 30.42% | 34.29% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,083,540K ÷ $3,876,360K
= 27.95%
Sensata Technologies Holding Plc's gross profit margin has fluctuated over the past five years, as indicated by the data provided. In 2019, the company achieved a relatively high gross profit margin of 34.29%, which then decreased to 30.42% in 2020. Subsequently, there was a slight improvement in 2021 with a gross profit margin of 33.46%, followed by a further decline to 32.69% in 2022. However, in the most recent year, the gross profit margin increased slightly to 31.11%.
Overall, the trend in Sensata Technologies Holding Plc's gross profit margin suggests some volatility and varying levels of profitability over the years. Further analysis and examination of the company's cost structure, pricing strategy, and operational efficiencies may be necessary to gain a deeper understanding of the factors influencing these fluctuations.
Peer comparison
Dec 31, 2023