Alkermes Plc (ALKS)

Gross profit margin

		Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	397,456	562,221	498,134	584,032	491,287	213,037	239,200	257,354	317,432	360,872	365,549	349,358	335,545	294,497	275,854	180,593	148,756	155,309	125,326	236,194
Revenue (ttm)	US$ in thousands	1,489,378	1,701,960	1,639,873	1,569,557	1,443,430	1,105,567	1,099,455	1,120,608	1,163,507	1,190,967	1,162,061	1,120,829	1,092,326	1,036,423	1,032,497	1,160,605	1,149,262	1,180,207	1,156,446	1,057,796
Gross profit margin		26.69%	33.03%	30.38%	37.21%	34.04%	19.27%	21.76%	22.97%	27.28%	30.30%	31.46%	31.17%	30.72%	28.41%	26.72%	15.56%	12.94%	13.16%	10.84%	22.33%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $397,456K ÷ $1,489,378K
= 26.69%

The gross profit margin of Alkermes Plc has exhibited fluctuations over the past few quarters.

In the most recent quarter ending June 30, 2024, the gross profit margin was 26.69%, showing a decrease from the previous quarter where it was 33.03%. This decline may indicate a decrease in the company's profitability from its core operations relative to the total revenue generated during the period.

Looking further back, the gross profit margin has shown a mix of upward and downward trends. The company experienced a significant increase in gross profit margin in the quarter ending Dec 31, 2023, at 30.38%, followed by a higher margin of 37.21% in the quarter ending Sep 30, 2023. These higher margins suggest improved efficiency in cost management and/or pricing strategies during those periods.

In contrast, there have been periods of lower gross profit margins, such as the quarter ending Mar 31, 2023, where the margin was 19.27%. This lower margin may raise concerns about the company's ability to control costs and generate profits from its core operations effectively.

Overall, it is crucial for Alkermes Plc to consistently monitor and assess its gross profit margin to ensure sustainable profitability and operational efficiency. Further analysis of the company's cost structure, pricing strategies, and overall business performance may help in understanding the drivers behind the fluctuations in gross profit margins and in implementing strategies to maintain or enhance profitability in the long term.