Corsair Gaming Inc (CRSR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 360,263 | 296,632 | 513,854 | 465,429 |
| Revenue | US$ in thousands | 1,459,880 | 1,375,100 | 1,904,060 | 1,702,370 |
| Gross profit margin | 24.68% | 21.57% | 26.99% | 27.34% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $360,263K ÷ $1,459,880K
= 24.68%
The gross profit margin of Corsair Gaming Inc has shown varying trends over the past five years. In 2019, the gross profit margin stood at 20.44%, indicating that for every dollar of revenue generated, the company retained approximately $0.2044 after deducting the cost of goods sold.
In the subsequent years, there were fluctuations in the gross profit margin. In 2020 and 2021, the margin improved to 27.34% and 26.99% respectively, suggesting that the company was able to either reduce the cost of goods sold or increase the selling price of its products.
However, in 2022, there was a slight decline in the gross profit margin to 21.57%, indicating a potential increase in the cost of goods sold relative to revenue. This trend reversed in 2023, with a gross profit margin of 24.68%, showing an improvement compared to the previous year but still lower than the peak in 2021.
Overall, the analysis of Corsair Gaming Inc's gross profit margin suggests that the company has experienced fluctuations in its ability to generate profits from sales after accounting for the cost of goods sold. Further investigation into the factors influencing these fluctuations would provide valuable insights into the company's operational efficiency and pricing strategies.
Peer comparison
Dec 31, 2023