Exelixis Inc (EXEL)

Gross profit margin

		Dec 31, 2023	Sep 30, 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	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,214,956	1,177,244	1,143,692	1,116,459	1,093,297	1,143,463	1,077,004	1,065,615	980,382	832,786	777,657	675,368	705,278	698,368	722,737	739,364	726,853	711,320	682,675	636,378
Revenue (ttm)	US$ in thousands	1,830,208	1,774,473	1,714,291	1,663,870	1,611,062	1,638,285	1,554,970	1,520,720	1,434,970	1,253,882	1,156,551	1,030,853	987,538	957,796	998,407	979,203	967,775	956,067	909,761	855,594
Gross profit margin		66.38%	66.34%	66.72%	67.10%	67.86%	69.80%	69.26%	70.07%	68.32%	66.42%	67.24%	65.52%	71.42%	72.91%	72.39%	75.51%	75.11%	74.40%	75.04%	74.38%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,214,956K ÷ $1,830,208K
= 66.38%

Exelixis Inc's gross profit margin has shown some fluctuations over the past few quarters. From Dec 31, 2019 to Dec 31, 2023, the gross profit margin has ranged from 66.38% to 75.51%. The trend indicates that the trend is fluctuating but generally maintaining a healthy level above 65%.

There was a notable peak in gross profit margin in the first quarter of 2020 at 75.51%, which has been the highest point in the analyzed period. This was followed by a gradual decline until the third quarter of 2021. Subsequently, there was an uptick in the gross profit margin in the last few quarters, reaching 67.10% in Mar 31, 2023.

Overall, despite the fluctuations, Exelixis Inc's gross profit margin has generally remained above 65%, indicating that the company is effectively managing its production costs and generating a healthy level of profit from its sales revenues. It is important for the company to monitor these margins closely to ensure sustainable profitability in the future.