United Parcel Service Inc (UPS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 32,201,000 | 40,201,000 | 40,882,000 | 31,716,000 | 27,231,000 |
| Revenue | US$ in thousands | 90,120,000 | 99,706,000 | 96,557,000 | 83,936,000 | 73,435,000 |
| Gross profit margin | 35.73% | 40.32% | 42.34% | 37.79% | 37.08% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $32,201,000K ÷ $90,120,000K
= 35.73%
Based on the data provided, United Parcel Service, Inc. has consistently maintained a gross profit margin of 100% over the past five years. This indicates that the company has been able to generate revenues that fully cover the direct costs associated with producing the goods and services it offers, without incurring any additional costs in the calculation of gross profit. A gross profit margin of 100% is considered exceptional and suggests that the company is effectively managing its production costs and pricing strategies to maximize profitability.