Cirrus Logic Inc (CRUS)

Gross profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 23, 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
Gross profit (ttm)	US$ in thousands	916,072	909,801	889,042	913,732	956,979	1,029,354	1,022,171	986,329	923,641	813,031	775,009	719,775	707,301	705,417	651,422	679,145	674,167	652,571	618,246	595,432
Revenue (ttm)	US$ in thousands	1,788,131	1,789,079	1,760,694	1,820,205	1,896,542	2,014,981	1,972,748	1,898,050	1,781,915	1,584,295	1,521,700	1,403,112	1,368,432	1,354,186	1,243,059	1,284,646	1,280,324	1,241,474	1,191,101	1,168,494
Gross profit margin		51.23%	50.85%	50.49%	50.20%	50.46%	51.09%	51.81%	51.97%	51.83%	51.32%	50.93%	51.30%	51.69%	52.09%	52.40%	52.87%	52.66%	52.56%	51.91%	50.96%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $916,072K ÷ $1,788,131K
= 51.23%

The gross profit margin of Cirrus Logic Inc has displayed fluctuations over the past few quarters. It ranged from a low of 50.20% in June 2023 to a high of 52.87% in September 2020. Generally, the company has maintained a gross profit margin above 50%, indicating its ability to generate profit from its core operations after accounting for the cost of goods sold. The trend shows some variability, possibly influenced by factors such as pricing strategies, production costs, and competitive pressures. It would be important to further investigate the reasons behind these fluctuations to assess the company's profitability and operational efficiency.