Cohu Inc (COHU)
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 | 175,542 | 182,445 | 219,811 | 250,645 | 215,273 | 229,645 | 219,201 | 287,774 | 284,109 | 314,381 | 274,980 | 161,693 | 111,269 | 74,103 | 77,729 | 63,564 | 66,262 | 42,506 | 48,072 | 73,290 |
| Revenue (ttm) | US$ in thousands | 629,363 | 683,338 | 741,439 | 791,525 | 809,990 | 809,089 | 824,680 | 925,739 | 948,812 | 964,541 | 892,945 | 714,217 | 627,430 | 567,086 | 556,311 | 560,509 | 568,943 | 597,569 | 543,374 | 501,974 |
| Gross profit margin | 27.89% | 26.70% | 29.65% | 31.67% | 26.58% | 28.38% | 26.58% | 31.09% | 29.94% | 32.59% | 30.79% | 22.64% | 17.73% | 13.07% | 13.97% | 11.34% | 11.65% | 7.11% | 8.85% | 14.60% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $175,542K ÷ $629,363K
= 27.89%
The gross profit margin of Cohu Inc has shown fluctuations over the past few quarters. From December 31, 2019, to December 31, 2023, the gross profit margin ranged from a low of 7.11% to a high of 32.59%.
In the recent quarters of 2023, the gross profit margin has been relatively stable, ranging from 26.70% to 31.67%. This indicates that Cohu Inc has been able to maintain a consistent level of profitability from its core business operations during this period.
However, it is important to note the significant improvement in gross profit margin from the low point of 7.11% in December 31, 2019, to the high point of 32.59% in September 30, 2021. This suggests that Cohu Inc might have implemented strategic initiatives to improve efficiency, reduce costs, or increase sales prices, resulting in better profitability.
Overall, the trend in the gross profit margin of Cohu Inc indicates fluctuations in profitability over time, with recent quarters showing a relatively stable performance. Going forward, it will be important to monitor the company's efforts to sustain or improve its gross profit margin for long-term financial health.
Peer comparison
Dec 31, 2023