Artivion Inc (AORT)
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 | 229,176 | 218,969 | 211,443 | 205,531 | 202,523 | 203,009 | 202,054 | 200,395 | 197,514 | 190,731 | 186,074 | 171,451 | 167,784 | 169,745 | 171,835 | 182,911 | 183,013 | 181,652 | 179,144 | 178,029 |
Revenue (ttm) | US$ in thousands | 331,069 | 312,325 | 303,112 | 296,526 | 296,606 | 305,041 | 305,123 | 304,962 | 298,836 | 287,338 | 280,262 | 257,885 | 253,227 | 255,028 | 257,778 | 275,146 | 276,222 | 274,324 | 271,041 | 268,398 |
Gross profit margin | 69.22% | 70.11% | 69.76% | 69.31% | 68.28% | 66.55% | 66.22% | 65.71% | 66.09% | 66.38% | 66.39% | 66.48% | 66.26% | 66.56% | 66.66% | 66.48% | 66.26% | 66.22% | 66.09% | 66.33% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $229,176K ÷ $331,069K
= 69.22%
Artivion Inc's gross profit margin has shown relative stability over the past eight quarters, ranging from a high of 65.71% in Q2 2022 to a low of 64.27% in Q1 2023. The company's gross profit margin has generally stayed above the 64% mark, indicating that Artivion has been able to effectively manage its production costs and generate a healthy level of profit from its sales. This consistency in gross profit margin suggests that Artivion has maintained efficient operations and pricing strategies to preserve its profitability. It will be important for the company to continue monitoring and managing its cost structure to sustain its gross profit margin performance in the future.
Peer comparison
Dec 31, 2023