Tyson Foods Inc (TSN)
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 | 2,486,000 | 2,631,000 | 3,479,000 | 4,413,000 | 5,621,000 | 6,668,000 | 7,837,000 | 7,846,000 | 7,364,000 | 6,526,000 | 5,660,000 | 5,353,000 | 5,121,000 | 5,384,000 | 4,913,000 | 4,936,000 | 5,107,000 | 5,022,000 | 5,222,000 | 5,185,000 |
| Revenue (ttm) | US$ in thousands | 52,940,000 | 52,881,000 | 53,270,000 | 53,625,000 | 53,609,000 | 53,282,000 | 52,356,000 | 51,339,000 | 49,522,000 | 47,049,000 | 45,698,000 | 43,242,000 | 42,830,000 | 43,185,000 | 42,609,000 | 43,472,000 | 43,027,000 | 42,405,000 | 41,520,000 | 40,686,000 |
| Gross profit margin | 4.70% | 4.98% | 6.53% | 8.23% | 10.49% | 12.51% | 14.97% | 15.28% | 14.87% | 13.87% | 12.39% | 12.38% | 11.96% | 12.47% | 11.53% | 11.35% | 11.87% | 11.84% | 12.58% | 12.74% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,486,000K ÷ $52,940,000K
= 4.70%
Tyson Foods Inc's gross profit margin has shown a declining trend over the past few quarters. The margin decreased from 12.74% in March 2019 to 4.70% in December 2023. This decline indicates challenges in maintaining profitability and controlling cost of goods sold. Factors such as increased input costs, pricing pressures, or inefficiencies in the production process could be contributing to this trend. Management should closely monitor the gross profit margin and implement strategies to improve operational efficiency and cost management to enhance profitability in the future.
Peer comparison
Dec 31, 2023