Broadcom Inc (AVGO)
Gross profit margin
| Nov 3, 2024 | Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Nov 1, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 32,509,000 | 24,690,000 | 22,095,000 | 16,844,000 | 13,516,000 |
| Revenue | US$ in thousands | 51,574,000 | 35,819,000 | 33,203,000 | 27,450,000 | 23,888,000 |
| Gross profit margin | 63.03% | 68.93% | 66.55% | 61.36% | 56.58% |
November 3, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $32,509,000K ÷ $51,574,000K
= 63.03%
Broadcom Inc's gross profit margin has displayed a fluctuating trend over the past five years. The gross profit margin was highest in October 2017 at 68.93% and lowest in November 2020 at 56.58%. In the most recent period, November 2024, the gross profit margin stood at 63.03%. Despite the fluctuations, the company has generally maintained its gross profit margin above 60% in the last five years, indicating a healthy level of profitability relative to its cost of goods sold. It is essential for Broadcom Inc to continue monitoring and managing its cost of goods sold effectively to sustain and potentially improve its gross profit margin in the future.
Peer comparison
Nov 3, 2024