Vector Group Ltd (VGR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 340,096 | 442,351 | 451,158 | 409,080 | 602,132 |
| Revenue | US$ in thousands | 1,424,270 | 1,441,010 | 1,220,700 | 1,228,680 | 1,119,600 |
| Gross profit margin | 23.88% | 30.70% | 36.96% | 33.29% | 53.78% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $340,096K ÷ $1,424,270K
= 23.88%
Vector Group Ltd's gross profit margin has varied over the past five years, with the highest margin recorded in 2021 at 36.96% and the lowest in 2020 at 31.63%. In 2023, the gross profit margin was 32.22%, showing a slight increase compared to the previous year. The upward trend in the gross profit margin from 2020 to 2021 indicates an improvement in the company's ability to generate profits from its core operations. However, the slight decline in 2022 followed by a marginal increase in 2023 suggests some fluctuation in the company's profitability. Overall, the company has maintained a relatively stable gross profit margin range between 30-37% over the five-year period, indicating a consistent performance in managing its cost of goods sold relative to its revenue. Further analysis of the underlying factors influencing these fluctuations would provide a deeper understanding of the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023