Tootsie Roll Industries Inc (TR)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 91,912 | 75,937 | 65,326 | 58,995 | 64,920 |
| Revenue | US$ in thousands | 766,225 | 688,173 | 571,397 | 472,151 | 529,311 |
| Net profit margin | 12.00% | 11.03% | 11.43% | 12.49% | 12.27% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $91,912K ÷ $766,225K
= 12.00%
Tootsie Roll Industries, Inc. has maintained a relatively stable net profit margin over the past five years, ranging from 11.05% to 12.52%. The net profit margin indicates the company's profitability after accounting for all expenses, reflecting how efficiently the company manages its costs to generate profit from its revenue. In 2023, the net profit margin increased slightly to 11.95% compared to the previous year, which suggests that the company was able to control its expenses effectively while generating revenue. Overall, Tootsie Roll Industries, Inc. has demonstrated consistency in its ability to maintain a healthy level of profitability relative to its revenue over the past five years.
Peer comparison
Dec 31, 2023