Tootsie Roll Industries Inc (TR)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 254,267 | 250,139 | 255,727 | 255,028 | 252,515 | 245,124 | 232,724 | 229,922 | 228,560 | 220,498 | 214,553 | 205,285 | 194,508 | 183,377 | 177,462 | 168,285 | 102,868,500 | 102,872,610 | 102,883,018 | 102,894,542 |
| Revenue (ttm) | US$ in thousands | 723,217 | 731,326 | 753,728 | 761,829 | 769,365 | 756,064 | 719,616 | 704,219 | 682,799 | 661,217 | 632,419 | 603,539 | 566,043 | 528,309 | 503,016 | 468,252 | 103,169,457 | 103,175,256 | 103,199,372 | 103,226,528 |
| Gross profit margin | 35.16% | 34.20% | 33.93% | 33.48% | 32.82% | 32.42% | 32.34% | 32.65% | 33.47% | 33.35% | 33.93% | 34.01% | 34.36% | 34.71% | 35.28% | 35.94% | 99.71% | 99.71% | 99.69% | 99.68% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $254,267K ÷ $723,217K
= 35.16%
The gross profit margin of Tootsie Roll Industries Inc has shown a gradual decline from around 99.7% in the first half of 2020 to approximately 35% in the first quarter of 2021. This significant decrease may have been influenced by various factors such as changes in production costs, pricing strategies, or sales mix. Over the subsequent years, the gross profit margin continued to fluctuate within the range of 32% to 35%, with a slight upward trend observed towards the end of the period, reaching around 35% by the end of 2024. It is essential for the company to closely monitor and manage its cost structure and pricing strategies to improve its gross profit margin and ultimately enhance profitability.
Peer comparison
Dec 31, 2024