Exelixis Inc (EXEL)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,214,960	1,093,300	980,382	705,278	726,853
Revenue	US$ in thousands	1,830,210	1,611,060	1,434,970	987,538	967,775
Gross profit margin		66.38%	67.86%	68.32%	71.42%	75.11%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,214,960K ÷ $1,830,210K
= 66.38%

Exelixis Inc's gross profit margin has exhibited a declining trend over the past five years, starting at 75.11% in 2019 and decreasing to 66.38% in 2023. This indicates that the company's cost of goods sold relative to its revenue has been increasing over this period. The decreasing trend in gross profit margin may raise concerns about the company's ability to control its production and operational costs efficiently. Further analysis of the factors influencing this trend, such as changes in pricing strategies, cost structures, or competition, would be necessary to gain a deeper understanding of Exelixis Inc's financial performance.