Arlo Technologies (ARLO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 167,563 | 136,035 | 108,035 | 55,389 | 35,804 |
| Revenue | US$ in thousands | 497,111 | 493,340 | 435,648 | 358,248 | 427,625 |
| Gross profit margin | 33.71% | 27.57% | 24.80% | 15.46% | 8.37% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $167,563K ÷ $497,111K
= 33.71%
The gross profit margin of Arlo Technologies Inc has shown a positive trend over the past five years, steadily increasing from 9.68% in 2019 to 34.11% in 2023. This indicates that the company has been able to effectively manage its production costs and pricing strategies to improve profitability. The noticeable growth in gross profit margin suggests that Arlo Technologies Inc has been successful in generating more revenue from its core business activities while controlling the costs associated with producing goods or services. This trend bodes well for the company's financial performance and overall operational efficiency.
Peer comparison
Dec 31, 2023