World Kinect Corporation (WKC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,058,200 | 1,089,100 | 788,200 | 851,800 | 1,112,000 |
| Revenue | US$ in thousands | 47,710,600 | 59,043,100 | 31,337,000 | 20,358,300 | 36,819,000 |
| Gross profit margin | 2.22% | 1.84% | 2.52% | 4.18% | 3.02% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,058,200K ÷ $47,710,600K
= 2.22%
The gross profit margin of World Kinect Corp has fluctuated over the past five years, ranging from 1.84% in 2022 to 4.18% in 2020. The margin decreased to 2.22% in 2023 from 2.52% in 2021. The downward trend in gross profit margin indicates potential challenges in maintaining profitability from sales revenue after accounting for the cost of goods sold. Further analysis of the company's cost structure and pricing strategy may be necessary to address the declining trend in gross profit margin.