Visteon Corp (VC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 487,000 | 368,000 | 254,000 | 245,000 | 324,000 |
| Revenue | US$ in thousands | 3,954,000 | 3,756,000 | 2,773,000 | 2,548,000 | 2,945,000 |
| Gross profit margin | 12.32% | 9.80% | 9.16% | 9.62% | 11.00% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $487,000K ÷ $3,954,000K
= 12.32%
The gross profit margin of Visteon Corp. has shown fluctuations over the past five years. In 2023, the gross profit margin increased to 12.32%, up from 9.80% in 2022. This improvement indicates that Visteon was able to generate more gross profit relative to its revenue in 2023. However, the gross profit margin in 2023 is still lower than the levels seen in 2019 when it stood at 11.00%. Overall, the trend in the gross profit margin of Visteon Corp. has been somewhat erratic, and further analysis of the company's cost structure and pricing strategies would be necessary to fully understand the drivers behind these fluctuations.
Peer comparison
Dec 31, 2023