Harmonic Inc (HLIT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 312,545 | 315,884 | 259,742 | 194,997 | 223,012 |
| Revenue | US$ in thousands | 603,758 | 619,917 | 501,650 | 359,569 | 385,878 |
| Gross profit margin | 51.77% | 50.96% | 51.78% | 54.23% | 57.79% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $312,545K ÷ $603,758K
= 51.77%
Harmonic, Inc.'s gross profit margin has exhibited some fluctuation over the past five years. The trend shows a declining pattern from 2019 to 2022, with margins dropping from 55.36% in 2019 to 50.54% in 2022. However, there was a slight improvement in 2023 with the gross profit margin increasing to 51.41%.
The variations in the gross profit margin may indicate fluctuations in the company's cost of goods sold, pricing strategies, or changes in sales volumes. A higher gross profit margin typically suggests that the company is effectively controlling its production costs and generating a strong profit from its core business activities.
It is important for investors and stakeholders to monitor Harmonic, Inc.'s gross profit margin closely to assess the company's operational efficiency and profitability. Further analysis of the underlying factors contributing to the changes in the gross profit margin can provide insights into the company's financial health and performance.
Peer comparison
Dec 31, 2023