Texas Roadhouse Inc (TXRH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 471,559 | 423,815 | 398,735 | 1,337,490 | 1,629,090 |
| Revenue | US$ in thousands | 4,627,390 | 4,009,110 | 3,460,580 | 2,394,680 | 2,750,280 |
| Gross profit margin | 10.19% | 10.57% | 11.52% | 55.85% | 59.23% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $471,559K ÷ $4,627,390K
= 10.19%
The gross profit margin of Texas Roadhouse Inc has shown a declining trend over the past five years. In 2019 and 2020, the company had relatively high gross profit margins of 59.23% and 55.85%, respectively. However, the margin has been decreasing since then, with the latest reported gross profit margin for the year ending December 31, 2023, standing at 10.19%. This significant drop indicates a potential challenge for the company in effectively managing its cost of goods sold relative to its revenue. It is crucial for Texas Roadhouse Inc to closely monitor and optimize its cost structure to improve its gross profit margin and overall profitability in the future.
Peer comparison
Dec 31, 2023