Cirrus Logic Inc (CRUS)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Gross profit	US$ in thousands	916,072	956,979	923,641	707,301	674,167
Revenue	US$ in thousands	1,788,060	1,896,530	1,781,390	1,369,220	1,280,980
Gross profit margin		51.23%	50.46%	51.85%	51.66%	52.63%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $916,072K ÷ $1,788,060K
= 51.23%

The gross profit margin of Cirrus Logic Inc over the past five years has shown relatively consistent performance, ranging from 50.46% to 52.63%. The margin peaked in fiscal year 2020 at 52.63% before experiencing a slight decline in the following years. In the most recent fiscal year ended March 31, 2024, the gross profit margin stood at 51.23%. Overall, Cirrus Logic Inc has maintained a healthy gross profit margin above 50% during the period under review, indicating efficient cost management and pricing strategies in its core operations.