NCR Voyix Corporation (VYX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 962,000 | 6,208,000 | 5,734,000 | 1,524,000 | 1,921,000 |
| Revenue | US$ in thousands | 3,483,000 | 7,560,000 | 7,156,000 | 6,207,000 | 6,915,000 |
| Gross profit margin | 27.62% | 82.12% | 80.13% | 24.55% | 27.78% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $962,000K ÷ $3,483,000K
= 27.62%
The gross profit margin of NCR Voyix Corporation has exhibited significant variability over the past five years. In 2022, the company achieved a high gross profit margin of 82.12%, indicating efficient cost management and strong revenue generation relative to the cost of goods sold. This strong performance was followed by another strong year in 2021, with a gross profit margin of 80.13%.
However, in 2020, the gross profit margin dropped significantly to 24.55%, suggesting challenges in managing production costs or pricing strategies during that period. The following year, in 2019, the gross profit margin improved to 27.78%, although it remained below the levels seen in 2022 and 2021.
The fluctuating trend in the gross profit margin of NCR Voyix Corporation may prompt further investigation into the company's cost structure, pricing strategies, market competition, and overall efficiency in generating revenue. Monitoring and analyzing these factors could provide insights into the company's financial performance and potential areas for improvement in the future.