Alkermes Plc (ALKS)

Gross profit margin

		Sep 30, 2024	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
Gross profit (ttm)	US$ in thousands	433,122	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
Revenue (ttm)	US$ in thousands	1,492,589	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
Gross profit margin		29.02%	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%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $433,122K ÷ $1,492,589K
= 29.02%

The gross profit margin for Alkermes Plc has shown fluctuations over the past few years, indicating varying levels of efficiency in generating profits from its core business operations.

In the most recent period ending September 30, 2024, the gross profit margin stood at 29.02%, signaling a modest improvement compared to the previous quarter. However, it is worth noting that the current margin is still lower than the levels observed in the first half of 2023.

Looking back over the historical trend, there appears to be a pattern of seasonal variance in the gross profit margin, with some quarters performing notably better than others. For instance, the company achieved a high gross profit margin of 37.21% in the third quarter of 2023, suggesting strong profitability during that period.

On average, the gross profit margin for Alkermes Plc has been around 25-30% in recent years, with occasional peaks and troughs. This indicates that the company has been able to efficiently manage its cost of goods sold relative to its sales revenue, though there may be room for improvement in enhancing overall profitability.

Ultimately, a sustained focus on optimizing operational efficiencies and cost management strategies could help Alkermes Plc stabilize and potentially increase its gross profit margin in the future.