Taylor Morn Home (TMHC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,783,070 | 2,092,370 | 1,547,880 | 1,044,220 | 824,090 |
| Revenue | US$ in thousands | 7,417,830 | 8,224,920 | 7,501,260 | 6,129,320 | 4,762,060 |
| Gross profit margin | 24.04% | 25.44% | 20.63% | 17.04% | 17.31% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,783,070K ÷ $7,417,830K
= 24.04%
Taylor Morrison Home Corp.'s gross profit margin has shown fluctuations over the past five years, ranging from 17.31% in 2019 to 24.04% in 2023. The company experienced a significant increase in its gross profit margin from 2019 to 2022, reaching a peak of 25.44% in 2022 before declining slightly in 2023.
The upward trend in gross profit margin indicates improved efficiency in generating profits from sales during the period. However, the drop in 2023 suggests a potential reversal in this trend or a shift in the company's cost structure.
Overall, the gross profit margin trend reveals fluctuations in Taylor Morrison Home Corp.'s ability to control production costs and manage pricing strategies over the past five years. Further analysis of the company's cost management practices and pricing strategies could provide insights into the factors influencing these changes.
Peer comparison
Dec 31, 2023