Exelixis Inc (EXEL)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	207,765	182,282	231,063	111,781	321,012
Revenue	US$ in thousands	1,830,210	1,611,060	1,434,970	987,538	967,775
Net profit margin		11.35%	11.31%	16.10%	11.32%	33.17%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $207,765K ÷ $1,830,210K
= 11.35%

Exelixis Inc's net profit margin has shown fluctuations over the past five years, ranging from 11.32% in 2020 to 33.17% in 2019, with a notable decline to 11.31% in 2022 before a slight increase to 11.35% in 2023. The significant drop in net profit margin from 2019 to 2020 indicates a potential decrease in profitability, which may have been impacted by various factors such as changes in revenues, expenses, or operational efficiency. The subsequent recovery in 2021 followed by a stable performance in 2022 and 2023 suggests that the company has managed to maintain a consistent level of profitability in recent years. However, it is essential for Exelixis Inc to continue monitoring and optimizing its financial performance to ensure sustained profitability in the future.