A10 Network (ATEN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 203,738 | 223,506 | 196,537 | 175,379 | 163,747 |
| Revenue | US$ in thousands | 251,700 | 280,338 | 250,042 | 225,526 | 212,391 |
| Gross profit margin | 80.94% | 79.73% | 78.60% | 77.76% | 77.10% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $203,738K ÷ $251,700K
= 80.94%
The gross profit margin of A10 Networks Inc has shown a consistent upward trend over the past five years, reflecting efficient cost management and strong pricing strategies. The company's gross profit margin has improved from 77.01% in 2019 to 80.94% in 2023, indicating the ability to generate higher profits from sales after accounting for the cost of goods sold. This upward trajectory suggests that A10 Networks has been effectively controlling its production costs and/or increasing product pricing to enhance profitability. The steady improvement in the gross profit margin signifies the company's ability to maintain a competitive position in the market and generate higher returns on each dollar of revenue.
Peer comparison
Dec 31, 2023