Align Technology Inc (ALGN)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,706,863	2,655,040	2,611,133	2,585,083	2,633,775	2,760,637	2,896,624	2,967,603	2,935,355	2,801,255	2,580,187	2,045,977	1,763,235	1,624,730	1,528,196	1,736,157	1,743,897	1,655,035	1,589,262	1,522,555
Revenue (ttm)	US$ in thousands	3,862,257	3,807,046	3,737,180	3,704,563	3,734,635	3,864,220	3,989,782	4,031,039	3,952,591	3,756,011	3,474,245	2,815,749	2,471,941	2,287,208	2,160,405	2,408,788	2,406,796	2,291,029	2,188,977	2,078,539
Gross profit margin		70.09%	69.74%	69.87%	69.78%	70.52%	71.44%	72.60%	73.62%	74.26%	74.58%	74.27%	72.66%	71.33%	71.04%	70.74%	72.08%	72.46%	72.24%	72.60%	73.25%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,706,863K ÷ $3,862,257K
= 70.09%

Align Technology, Inc. has maintained a relatively stable gross profit margin over the past eight quarters, ranging from a high of 73.62% in Q1 2022 to a low of 69.74% in Q3 2023. The company's gross profit margin peaked in Q2 2022 at 72.60% and has shown a slight downward trend since then. Despite the fluctuations, the company's gross profit margin has generally remained above the 70% mark, reflecting strong pricing power and efficient cost management in its operations. It is essential for Align Technology to continue monitoring and managing its cost of goods sold to ensure sustained profitability and competitiveness in the market.