Illumina Inc (ILMN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,744,000 | 2,972,000 | 3,154,000 | 2,203,000 | 2,467,000 |
| Revenue | US$ in thousands | 4,504,000 | 4,584,000 | 4,526,000 | 3,239,000 | 3,543,000 |
| Gross profit margin | 60.92% | 64.83% | 69.69% | 68.01% | 69.63% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,744,000K ÷ $4,504,000K
= 60.92%
The gross profit margin of Illumina Inc has exhibited a general declining trend over the past five years based on the provided data. The margin decreased from 70.59% in December 2019 to 65.16% in December 2023. This downward trend signifies a decrease in the percentage of revenue retained as gross profit after deducting the cost of goods sold. Several factors may have contributed to this decline, such as changes in pricing strategies, increased competition, fluctuations in input costs, or shifts in product mix. Further analysis and comparison with industry benchmarks would provide a better understanding of Illumina's performance and competitiveness in the market.
Peer comparison
Dec 31, 2023