Bio-Rad Laboratories Inc (BIO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,426,950 | 1,567,330 | 1,638,100 | 1,437,890 | 1,257,000 |
| Revenue | US$ in thousands | 5,298,670 | 5,562,940 | 5,851,740 | 5,058,790 | 4,601,000 |
| Gross profit margin | 26.93% | 28.17% | 27.99% | 28.42% | 27.32% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,426,950K ÷ $5,298,670K
= 26.93%
Bio-Rad Laboratories Inc. has experienced fluctuations in its gross profit margin over the past five years. The company's gross profit margin stood at 53.42% as of December 31, 2023, down from 55.93% in the previous year. This decrease may indicate potential challenges in maintaining profitability from its core operations. Comparing the current gross profit margin to the figures of the previous years, there appears to be a downward trend since 2020 when the margin was at its highest at 56.48%. This trend suggests that Bio-Rad Laboratories Inc. may be facing pressure on its ability to generate profits from its production and sales activities. Further investigation into the factors contributing to this decline would be necessary to understand the company's performance and competitiveness in the market.
Peer comparison
Dec 31, 2023