Harmonic Inc (HLIT)
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 | 312,545 | 316,375 | 333,295 | 330,756 | 315,884 | 308,125 | 295,675 | 273,779 | 259,742 | 253,366 | 236,136 | 213,404 | 194,997 | 185,130 | 211,746 | 217,901 | 223,012 | 221,638 | 196,200 | 203,875 |
| Revenue (ttm) | US$ in thousands | 601,654 | 597,493 | 625,363 | 626,252 | 617,168 | 611,864 | 581,045 | 535,811 | 500,824 | 470,444 | 438,894 | 398,174 | 364,172 | 361,941 | 376,886 | 388,697 | 388,955 | 380,432 | 371,146 | 385,534 |
| Gross profit margin | 51.95% | 52.95% | 53.30% | 52.82% | 51.18% | 50.36% | 50.89% | 51.10% | 51.86% | 53.86% | 53.80% | 53.60% | 53.55% | 51.15% | 56.18% | 56.06% | 57.34% | 58.26% | 52.86% | 52.88% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $312,545K ÷ $601,654K
= 51.95%
The gross profit margin for Harmonic, Inc. has shown a consistent positive trend over the past eight quarters. In Q4 2023, the gross profit margin reached 51.41%, slightly lower than the previous quarter but still above the levels seen in the corresponding quarters of previous years. This indicates that Harmonic, Inc. has been effectively managing its cost of goods sold relative to its revenue, resulting in a healthy gross profit margin. The company has been able to maintain a gross profit margin above 50% for the past two years, which suggests efficient operations and effective pricing strategies. The slight fluctuations quarter to quarter are likely due to various factors such as changes in input costs or pricing strategies. Overall, the upward trend in gross profit margin reflects positively on Harmonic, Inc.'s ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2023