Broadcom Inc (AVGO)
Gross profit margin
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | Nov 3, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 24,690,000 | 22,095,000 | 16,844,000 | 13,516,000 | 12,483,000 |
| Revenue | US$ in thousands | 35,819,000 | 33,203,000 | 27,450,000 | 23,888,000 | 22,597,000 |
| Gross profit margin | 68.93% | 66.55% | 61.36% | 56.58% | 55.24% |
October 29, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $24,690,000K ÷ $35,819,000K
= 68.93%
Broadcom Inc's gross profit margin has exhibited a generally increasing trend over the past five years. The company's gross profit margin stood at 74.11% as of October 29, 2023, representing a slight decrease from the previous year's 75.13%. Despite this slight dip, the margin remains at a relatively high level. This improvement in the gross profit margin indicates the company's ability to efficiently manage its production costs and generate a greater proportion of revenue as gross profit. Overall, the trend suggests that Broadcom Inc has been successful in enhancing its operational efficiency and maintaining healthy margins in its core business activities.
Peer comparison
Oct 29, 2023