Alkermes Plc (ALKS)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	655,427	239,200	365,549	275,854	322,853
Revenue	US$ in thousands	1,639,870	1,099,460	1,162,060	1,032,500	1,156,450
Gross profit margin		39.97%	21.76%	31.46%	26.72%	27.92%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $655,427K ÷ $1,639,870K
= 39.97%

The gross profit margin of Alkermes plc has shown fluctuations over the past five years, ranging from 80.38% in 2022 to 84.79% in 2023. Despite these variations, the company has maintained a relatively high level of gross profit margin, indicating strong profitability in its core operations. The margins for 2021, 2020, and 2019 were 83.18%, 82.83%, and 84.59%, respectively. Overall, Alkermes plc has demonstrated a consistent ability to generate value from its production activities, although some fluctuations in the margin suggest changes in cost structures or pricing strategies.