Vishay Intertechnology Inc (VSH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 974,493 | 1,058,990 | 887,913 | 581,903 | 671,200 |
| Revenue | US$ in thousands | 3,402,040 | 3,497,400 | 3,240,490 | 2,501,900 | 2,668,300 |
| Gross profit margin | 28.64% | 30.28% | 27.40% | 23.26% | 25.15% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $974,493K ÷ $3,402,040K
= 28.64%
Vishay Intertechnology, Inc.'s gross profit margin has exhibited fluctuations over the past five years, ranging from 23.26% in 2020 to 30.28% in 2022. In 2023, the gross profit margin declined to 28.64%.
The decreasing trend in the gross profit margin from 2022 to 2023 may indicate potential challenges in managing the cost of goods sold relative to revenue generation. This could be a cause for concern as a lower gross profit margin may negatively impact the company's overall profitability and financial performance.
Further analysis of the factors affecting the cost of goods sold, pricing strategies, and operational efficiencies would be necessary to understand the dynamics behind the fluctuations in Vishay Intertechnology, Inc.'s gross profit margin. A concerted effort to enhance cost controls or improve pricing strategies may be required to stabilize or improve the company's gross profit margin in the future.
Peer comparison
Dec 31, 2023