Telephone and Data Systems Inc (TDS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,809,000 | 3,595,000 | 3,608,000 | 3,496,000 | 3,413,000 |
| Revenue | US$ in thousands | 5,160,000 | 5,413,000 | 5,329,000 | 5,225,000 | 5,176,000 |
| Gross profit margin | 54.44% | 66.41% | 67.71% | 66.91% | 65.94% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,809,000K ÷ $5,160,000K
= 54.44%
Telephone And Data Systems, Inc.'s gross profit margin has shown some fluctuations over the past five years. In 2023, the gross profit margin increased to 54.77% from 52.61% in 2022, indicating an improvement in the company's ability to generate profit from its core operations. However, compared to 2020 and 2019, the gross profit margin in 2023 remained slightly lower. Overall, the company has maintained a relatively stable gross profit margin range between 52.61% and 54.95% over the five-year period, suggesting consistent performance in managing production costs and pricing strategies to generate profits.
Peer comparison
Dec 31, 2023