Coherent Inc (COHR)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | -270,010 | -551,177 | 382,090 | 370,898 | 46,708 |
| Revenue | US$ in thousands | 4,412,030 | 4,867,480 | 3,194,080 | 3,014,630 | 2,274,090 |
| Gross profit margin | -6.12% | -11.32% | 11.96% | 12.30% | 2.05% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $-270,010K ÷ $4,412,030K
= -6.12%
Coherent Inc's gross profit margin has exhibited significant fluctuations over the past five years. The company experienced a concerning negative gross profit margin of -6.12% in 2024, indicating that its cost of goods sold exceeded its revenue. This decline from the previous year's margin of -11.32% raises questions about the company's operational efficiency and pricing strategies.
In contrast, in 2022 and 2021, Coherent Inc achieved positive gross profit margins of 11.96% and 12.30% respectively. These margins suggest that the company was able to generate a healthy profit after accounting for the cost of goods sold. The increase from 2020's gross profit margin of 2.05% to over 11% in 2022 and 2021 indicates an improvement in the company's revenue generation and cost management.
Overall, the fluctuating trend in Coherent Inc's gross profit margin highlights the company's volatility in managing its production costs and pricing strategies. It is essential for the company to focus on enhancing operational efficiency, controlling costs, and optimizing pricing to achieve more consistent and favorable gross profit margins in the future.
Peer comparison
Jun 30, 2024