Tootsie Roll Industries Inc (TR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 253,180 | 256,840 | 227,201 | 194,508 | 170,361 |
| Revenue | US$ in thousands | 723,217 | 769,365 | 681,440 | 566,043 | 471,063 |
| Gross profit margin | 35.01% | 33.38% | 33.34% | 34.36% | 36.17% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $253,180K ÷ $723,217K
= 35.01%
Tootsie Roll Industries Inc has shown a fluctuating trend in its gross profit margin over the past five years. Starting at 36.17% in December 2020, the gross profit margin decreased to 34.36% by December 2021. Subsequently, there was a further decline to 33.34% in December 2022. However, in December 2023, there was a slight increase to 33.38%, followed by a more significant improvement to 35.01% by December 2024.
The declining trend from 2020 to 2022 may indicate challenges in managing production costs or pricing strategies. The improvement in 2023 and 2024 suggests that the company may have implemented cost-saving measures or increased efficiencies in its operations. It is important for Tootsie Roll Industries Inc to continue monitoring and managing its gross profit margin effectively to ensure sustainable profitability and financial health.
Peer comparison
Dec 31, 2024