Ichor Holdings Ltd (ICHR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 103,396 | 211,864 | 177,480 | 124,892 | 86,364 |
| Revenue | US$ in thousands | 791,741 | 1,269,010 | 1,089,730 | 905,509 | 610,190 |
| Gross profit margin | 13.06% | 16.70% | 16.29% | 13.79% | 14.15% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $103,396K ÷ $791,741K
= 13.06%
The gross profit margin of Ichor Holdings Ltd has exhibited some fluctuations over the last five years. In 2023, the gross profit margin decreased to 13.06% from 16.70% in 2022, indicating a reduction in the percentage of revenue retained after accounting for the cost of goods sold. This downward trend contrasts with the stability seen in the previous two years, where the margin hovered around 16%. In 2020 and 2019, the gross profit margin was slightly lower at 13.79% and 14.15%, respectively.
The declining trend in the gross profit margin could suggest various factors impacting the company's profitability, such as changes in pricing strategies, shifts in product mix, fluctuations in input costs, or inefficiencies in production processes. Further analysis and comparison with industry benchmarks would provide additional insights into the company's operational efficiency and competitiveness within its sector.
Peer comparison
Dec 31, 2023