Smurfit WestRock plc (SW)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,787,000 | 4,063,000 | 3,092,000 | 2,874,000 |
| Revenue | US$ in thousands | 11,272,000 | 12,815,000 | 10,107,000 | 8,530,000 |
| Gross profit margin | 33.60% | 31.71% | 30.59% | 33.69% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,787,000K ÷ $11,272,000K
= 33.60%
The gross profit margin of Smurfit WestRock plc has shown a general upward trend over the past four years, increasing from 30.59% in 2021 to 33.60% in 2023. This indicates that the company is effectively managing its production costs and generating more revenue from its core business operations. The 2020 gross profit margin of 33.69% was relatively high but slightly decreased in the subsequent years. Overall, the consistent improvement in the gross profit margin reflects favorable operational efficiency and pricing strategies implemented by Smurfit WestRock plc, contributing positively to its profitability.
Peer comparison
Dec 31, 2023