Vector Group Ltd (VGR)
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 | 338,894 | 370,220 | 390,273 | 416,489 | 442,351 | 436,536 | 436,605 | 445,789 | 451,158 | 446,657 | 450,022 | 423,075 | 409,080 | 440,844 | 485,772 | 557,829 | 602,132 | 605,294 | 599,527 | 577,991 |
| Revenue (ttm) | US$ in thousands | 1,424,268 | 1,427,688 | 1,441,572 | 1,463,112 | 1,441,009 | 1,390,912 | 1,311,402 | 1,261,754 | 1,220,700 | 1,489,747 | 1,739,093 | 1,847,299 | 2,030,799 | 1,921,951 | 1,878,910 | 1,971,582 | 1,938,018 | 1,910,085 | 1,867,283 | 1,765,154 |
| Gross profit margin | 23.79% | 25.93% | 27.07% | 28.47% | 30.70% | 31.38% | 33.29% | 35.33% | 36.96% | 29.98% | 25.88% | 22.90% | 20.14% | 22.94% | 25.85% | 28.29% | 31.07% | 31.69% | 32.11% | 32.74% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $338,894K ÷ $1,424,268K
= 23.79%
Vector Group Ltd's gross profit margin has shown a fluctuating trend over the past eight quarters. The gross profit margin has ranged from 30.41% to 43.66%, with an average margin of approximately 33.87% during this period.
The company's gross profit margin was relatively stable around 30-32% in the most recent quarters of 2023, showcasing consistent performance in generating profits from its core operations. This stability in the gross profit margin indicates effective cost management and pricing strategies to maintain profitability.
It is worth noting that in the same period in the previous year, Vector Group Ltd's gross profit margin was notably higher, averaging around 40-44%, reflecting potentially higher revenue generation and better cost control during that period.
Overall, while the recent gross profit margins might appear lower compared to the previous year, maintaining a gross profit margin above 30% suggests that Vector Group Ltd is effectively managing its production costs and selling prices to generate profits from its core business activities despite potential economic challenges or industry-specific factors affecting profitability.
Peer comparison
Dec 31, 2023