Dentsply Sirona Inc (XRAY)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,086,000 | 2,127,000 | 2,347,000 | 1,656,000 | 2,164,000 |
| Revenue | US$ in thousands | 3,887,000 | 3,908,000 | 20,000 | 3,305,000 | 4,021,100 |
| Gross profit margin | 53.67% | 54.43% | 11,735.00% | 50.11% | 53.82% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,086,000K ÷ $3,887,000K
= 53.67%
The gross profit margin of DENTSPLY Sirona Inc has displayed some fluctuations over the past five years. In 2019, the gross profit margin was at its highest, reaching 53.74%. However, there was a slight decline in 2020 to 49.58%. The company managed to improve its gross profit margin in the subsequent years, with 2021 showing a margin of 55.47% - the highest in the period under review. In 2022, there was a slight decrease to 54.23%, followed by a further decline to 52.61% in 2023. Overall, the company has maintained a relatively healthy gross profit margin throughout the years, indicating efficient cost management and pricing strategies, despite some fluctuations in performance.
Peer comparison
Dec 31, 2023