Tootsie Roll Industries Inc (TR)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 256,840 | 253,734 | 240,076 | 235,118 | 232,731 | 224,455 | 218,300 | 209,930 | 199,241 | 186,784 | 179,794 | 170,564 | 170,361 | 175,268 | 186,487 | 197,166 | 197,016 | 193,721 | 190,951 | 189,340 |
| Revenue (ttm) | US$ in thousands | 766,225 | 759,321 | 723,875 | 708,415 | 688,173 | 666,465 | 637,169 | 608,787 | 571,396 | 406,735 | 380,224 | 345,350 | 345,389 | 345,244 | 369,369 | 394,892 | 392,371 | 518,821 | 518,400 | 518,257 |
| Gross profit margin | 33.52% | 33.42% | 33.17% | 33.19% | 33.82% | 33.68% | 34.26% | 34.48% | 34.87% | 45.92% | 47.29% | 49.39% | 49.32% | 50.77% | 50.49% | 49.93% | 50.21% | 37.34% | 36.83% | 36.53% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $256,840K ÷ $766,225K
= 33.52%
Tootsie Roll Industries, Inc.'s gross profit margin has been relatively stable over the past eight quarters, ranging from 33.11% to 34.52%. The company experienced a slight decline in gross profit margin in the most recent quarter, Q4 2023, compared to the previous quarter. Despite this decline, the company's gross profit margin remains within a narrow range, indicating that Tootsie Roll has been able to effectively manage its cost of goods sold relative to its revenue. Overall, the consistent gross profit margin suggests that the company has been maintaining a healthy level of profitability from its core operations.
Peer comparison
Dec 31, 2023