Taylor Morn Home (TMHC)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,984,210	1,783,070	2,092,370	1,547,880	1,044,220
Revenue	US$ in thousands	8,168,140	7,417,830	8,224,920	7,501,260	6,129,320
Gross profit margin		24.29%	24.04%	25.44%	20.63%	17.04%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,984,210K ÷ $8,168,140K
= 24.29%

Based on the data provided, Taylor Morn Home's gross profit margin has shown a generally positive trend over the years. The margin increased from 17.04% as of December 31, 2020, to 20.63% by December 31, 2021, indicating an improvement in the company's ability to generate profits from its core operations.

Subsequently, there was a notable increase in the gross profit margin to 25.44% by December 31, 2022, which suggests that the company became more efficient in controlling its production costs and maximizing its revenues during that period.

However, the gross profit margin slightly declined to 24.04% by December 31, 2023, indicating that there might have been some challenges or changes impacting the company's profitability during that year.

By December 31, 2024, the gross profit margin was recorded at 24.29%, showing a modest recovery from the previous year. This suggests that Taylor Morn Home has been able to maintain a relatively stable level of profitability despite the fluctuations observed in the preceding year.

Overall, the improving trend in the gross profit margin of Taylor Morn Home reflects positively on the company's operational efficiency and revenue generation capabilities over the years, with some fluctuations seen in certain periods.