Advanced Energy Industries Inc (AEIS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 592,398 | 675,506 | 532,322 | 541,869 | 315,652 |
| Revenue | US$ in thousands | 1,638,800 | 1,842,780 | 1,450,490 | 1,409,450 | 801,389 |
| Gross profit margin | 36.15% | 36.66% | 36.70% | 38.45% | 39.39% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $592,398K ÷ $1,638,800K
= 36.15%
The gross profit margin of Advanced Energy Industries Inc. has exhibited a declining trend over the past five years. Starting at 40.01% in 2019, the margin has gradually decreased to 38.27% in 2020, followed by further decreases to 36.56% in 2021, 36.60% in 2022, and 35.78% in 2023. This diminishing trend indicates a potential erosion in the company's ability to generate profits from its core business operations after accounting for the cost of goods sold. Further analysis of the factors influencing this decline is warranted to assess the company's efficiency in managing production costs and pricing strategies.
Peer comparison
Dec 31, 2023