Align Technology Inc (ALGN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,706,860 | 2,633,780 | 2,935,360 | 1,763,240 | 1,743,900 |
| Revenue | US$ in thousands | 3,862,260 | 3,734,640 | 3,952,580 | 2,471,940 | 2,406,800 |
| Gross profit margin | 70.08% | 70.52% | 74.26% | 71.33% | 72.46% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,706,860K ÷ $3,862,260K
= 70.08%
The gross profit margin of Align Technology, Inc. has displayed a fluctuating trend over the past five years, ranging from 70.08% in 2023 to 72.46% in 2019. The company's gross profit margin peaked at 74.26% in 2021 before experiencing a slight decline in subsequent years. Overall, Align Technology has maintained relatively healthy gross profit margins above 70% during the period under review, indicating efficient cost management and pricing strategies in their operations. An in-depth analysis of the factors influencing these fluctuations could provide further insights into the company's financial performance and competitiveness within the industry.
Peer comparison
Dec 31, 2023