DexCom Inc (DXCM)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	2,288,900	1,883,100	1,680,500	1,280,100	931,500
Revenue	US$ in thousands	3,603,200	2,889,200	2,333,800	1,822,500	1,396,800
Gross profit margin		63.52%	65.18%	72.01%	70.24%	66.69%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,288,900K ÷ $3,603,200K
= 63.52%

The gross profit margin of Dexcom Inc has shown a general decreasing trend over the past five years, declining from 68.63% in 2021 to 63.19% in 2023. This indicates that the company's ability to generate profits from its core business operations has weakened over time. It's important to note that a lower gross profit margin could suggest increasing costs of goods sold or pricing pressures in the industry, potentially affecting the company's overall profitability. Further analysis and investigation into the factors influencing this trend would be necessary to determine the underlying reasons for the declining gross profit margin of Dexcom Inc.