Xerox Corp (XRX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,981,000 | 275,000 | 5,318,000 | 5,031,000 | 6,908,000 |
| Revenue | US$ in thousands | 7,035,000 | 7,251,000 | 7,296,000 | 7,264,000 | 9,450,000 |
| Gross profit margin | 70.80% | 3.79% | 72.89% | 69.26% | 73.10% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,981,000K ÷ $7,035,000K
= 70.80%
The gross profit margin of Xerox Holdings Corp has exhibited a downward trend over the past five years, decreasing from 41.71% in 2019 to 35.49% in 2023. This suggests a declining ability to generate profits from its core business operations after accounting for the cost of goods sold. The decrease in gross profit margin could be attributed to various factors such as changes in product pricing, increasing production costs, or changes in sales mix. It is important for Xerox Holdings Corp to closely monitor and address the factors impacting its gross profit margin to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2023