NCR Voyix Corporation (VYX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 579,000 | 962,000 | 1,858,000 | 1,893,000 | 1,524,000 |
| Revenue | US$ in thousands | 2,826,000 | 3,830,000 | 7,844,000 | 7,156,000 | 6,207,000 |
| Gross profit margin | 20.49% | 25.12% | 23.69% | 26.45% | 24.55% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $579,000K ÷ $2,826,000K
= 20.49%
The gross profit margin of NCR Voyix Corporation has exhibited fluctuations over the five-year period from December 31, 2020, to December 31, 2024. The margin increased from 24.55% in 2020 to 26.45% in 2021, indicating improved efficiency in generating revenue from sales after deducting the cost of goods sold. However, there was a slight decline in the gross profit margin to 23.69% in 2022, which suggests potential challenges in managing production costs or pricing strategies.
Subsequently, the gross profit margin saw a rebound to 25.12% in 2023, which may indicate successful efforts to enhance operational performance or optimize production processes. Nonetheless, there was a notable decrease in the margin to 20.49% in 2024, signaling a potential increase in the cost of goods sold relative to sales revenue or other factors impacting profitability.
Overall, the trend in NCR Voyix Corporation's gross profit margin demonstrates a mix of improvements and setbacks over the five-year period, highlighting the importance of continuously monitoring and addressing factors influencing the company's cost structure and pricing strategies to sustain profitability.