CSG Systems International Inc (CSGS)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	305,308	256,154	284,855	242,810	279,921
Revenue	US$ in thousands	1,170,020	1,091,100	1,044,030	990,533	996,810
Gross profit margin		26.09%	23.48%	27.28%	24.51%	28.08%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $305,308K ÷ $1,170,020K
= 26.09%

The gross profit margin of CSG Systems International Inc. has exhibited some fluctuations over the past five years. In 2023, the gross profit margin decreased to 47.40% from 48.14% in 2022. This decline follows a trend of minor fluctuations in the previous years, with margins standing at 48.09%, 45.93%, and 47.32% in 2021, 2020, and 2019, respectively.

Although the recent decrease may raise some concerns, it is essential to consider the context and reasons behind this change. An analysis of the company's cost structure, pricing strategies, and revenue streams could provide insights into the factors influencing the gross profit margin. Further investigation into the company's operational efficiency and competitiveness within its industry may also help in understanding the overall performance reflected by the gross profit margin figures.

Overall, while the recent decline in the gross profit margin of CSG Systems International Inc. warrants attention, a deeper analysis encompassing various financial and operational aspects of the company is necessary to gain a comprehensive understanding of its financial performance and trajectory.