Collegium Pharmaceutical Inc (COLL)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	326,169	209,488	150,617	179,836	103,041
Revenue	US$ in thousands	459,924	400,720	255,854	281,134	295,792
Gross profit margin		70.92%	52.28%	58.87%	63.97%	34.84%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $326,169K ÷ $459,924K
= 70.92%

Collegium Pharmaceutical Inc's gross profit margin has shown a generally increasing trend over the past five years, with the ratio improving from 34.73% in 2019 to 83.27% in 2023. This suggests that the company has been effectively managing its production costs and pricing strategies to generate a higher percentage of revenue as gross profit. The substantial increase in the gross profit margin from 2022 to 2023 indicates a significant improvement in the company's operational efficiency or changes in the pricing of its products. Overall, Collegium Pharmaceutical Inc's consistent improvement in the gross profit margin reflects a positive trend in its profitability and cost control measures.