Cohu Inc (COHU)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 122,822 | 215,273 | 284,063 | 72,828 | 12,422 |
| Revenue | US$ in thousands | 627,391 | 809,990 | 948,697 | 623,954 | 562,949 |
| Gross profit margin | 19.58% | 26.58% | 29.94% | 11.67% | 2.21% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $122,822K ÷ $627,391K
= 19.58%
The gross profit margin of Cohu Inc has shown variability over the past five years. In 2019, the gross profit margin was 2.21%, indicating that the company generated only a small percentage of profit from its sales after deducting the cost of goods sold. However, there has been a notable improvement in subsequent years, with the gross profit margin increasing to 11.67% in 2020, 29.94% in 2021, and 26.58% in 2022.
The most recent data for 2023 shows a slight decrease in the gross profit margin to 19.58%. While this decrease could be a cause for some concern, it is important to consider the overall trend of improvement in the gross profit margin over the years, indicating that Cohu Inc has been able to effectively manage its production costs and pricing strategies to enhance profitability.
It is essential for the company to continue monitoring its gross profit margin closely, as it is a key indicator of operational efficiency and pricing strategy effectiveness. Analyzing the components of cost of goods sold and evaluating pricing structures can help Cohu Inc sustain and potentially further improve its gross profit margin in the future.
Peer comparison
Dec 31, 2023