Gogo Inc (GOGO)
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 | 297,577 | 323,164 | 328,167 | 321,765 | 298,652 | 173,958 | 153,412 | 135,885 | 98,445 | 202,573 | 135,590 | 116,092 | 140,382 | 284,058 | 427,098 | 469,508 | 542,548 | 538,462 | 545,056 | 622,376 |
| Revenue (ttm) | US$ in thousands | 388,512 | 410,184 | 416,797 | 411,670 | 386,744 | 358,503 | 338,195 | 316,166 | 274,727 | 260,061 | 219,158 | 218,483 | 324,857 | 468,533 | 603,649 | 657,862 | 678,320 | 674,234 | 690,306 | 767,550 |
| Gross profit margin | 76.59% | 78.79% | 78.74% | 78.16% | 77.22% | 48.52% | 45.36% | 42.98% | 35.83% | 77.89% | 61.87% | 53.14% | 43.21% | 60.63% | 70.75% | 71.37% | 79.98% | 79.86% | 78.96% | 81.09% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $297,577K ÷ $388,512K
= 76.59%
Based on the data provided, Gogo Inc's gross profit margin has been relatively stable over the past eight quarters, ranging from a high of 69.34% in Q1 2022 to a low of 65.38% in Q1 2023.
Overall, the company has maintained a healthy gross profit margin, with an average of approximately 66.67% over the period analyzed. This indicates that Gogo Inc has been able to effectively manage its production costs and generate a strong level of profitability from its core business operations.
It is worth noting some fluctuations in the gross profit margin over the quarters, which may be influenced by various factors such as changes in pricing strategies, input costs, or sales mix. However, the general trend suggests that Gogo Inc has been able to sustain a competitive level of profitability in the face of changing market conditions.
Overall, the company's consistent gross profit margin performance reflects its ability to efficiently generate profits from its sales, which is a positive indicator of its financial health and operational efficiency.
Peer comparison
Dec 31, 2023