A10 Network (ATEN)

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	203,738	208,486	219,014	221,148	223,506	218,104	212,976	204,026	196,537	189,242	180,561	176,101	175,379	173,061	170,489	167,329	163,747	164,885	171,460	181,068
Revenue (ttm)	US$ in thousands	251,700	262,318	275,268	276,946	280,441	273,478	266,347	257,358	250,042	242,026	233,274	226,605	225,526	223,187	219,382	216,035	212,406	213,915	221,580	233,109
Gross profit margin		80.94%	79.48%	79.56%	79.85%	79.70%	79.75%	79.96%	79.28%	78.60%	78.19%	77.40%	77.71%	77.76%	77.54%	77.71%	77.45%	77.09%	77.08%	77.38%	77.68%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $203,738K ÷ $251,700K
= 80.94%

A10 Networks Inc has consistently maintained a healthy gross profit margin over the past eight quarters, ranging from 79.12% to 80.94%. This indicates the company's ability to efficiently manage its production costs and generate profits from its core operations. The margins have shown stability with minimal fluctuations, suggesting a strong control over pricing strategies and cost management. The upward trend in the gross profit margin from Q1 2022 to Q4 2023 reflects the company's effective control over cost of goods sold and successful pricing strategies. Overall, A10 Networks Inc's gross profit margin performance reflects sound operational efficiency and profitability in its core business activities.