CONMED Corporation (CNMD)
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 | 676,245 | 625,932 | 609,488 | 590,575 | 571,245 | 595,239 | 585,930 | 575,577 | 568,035 | 547,693 | 539,085 | 469,590 | 460,300 | 466,761 | 463,174 | 522,435 | 524,714 | 515,394 | 495,910 | 480,991 |
| Revenue (ttm) | US$ in thousands | 1,244,743 | 1,168,565 | 1,139,075 | 1,098,613 | 1,045,472 | 1,068,575 | 1,042,314 | 1,020,285 | 1,010,635 | 989,493 | 978,501 | 881,125 | 862,458 | 874,495 | 870,250 | 950,728 | 955,096 | 932,675 | 901,392 | 875,949 |
| Gross profit margin | 54.33% | 53.56% | 53.51% | 53.76% | 54.64% | 55.70% | 56.21% | 56.41% | 56.21% | 55.35% | 55.09% | 53.29% | 53.37% | 53.37% | 53.22% | 54.95% | 54.94% | 55.26% | 55.02% | 54.91% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $676,245K ÷ $1,244,743K
= 54.33%
Conmed Corp.'s gross profit margin has exhibited a declining trend over the past eight quarters, from 56.41% in Q1 2022 to 54.33% in Q4 2023. This downward trend may indicate challenges in maintaining profitability on manufacturing and selling its products. Despite the decrease, the gross profit margin has generally remained above 50% throughout the period, suggesting that Conmed Corp. has been able to effectively manage its production costs relative to its sales revenue. Further analysis of the company's operational efficiency and pricing strategies may provide insights into the factors influencing this trend in gross profit margin.
Peer comparison
Dec 31, 2023