Innoviva Inc (INVA)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Gross profit (ttm) US$ in thousands 309,159 290,666 268,225 255,272 261,261 250,803 257,303 293,510 317,546 369,536 403,821 396,407 391,866 374,662 365,494 343,634 336,794 322,289 299,350 284,511
Revenue (ttm) US$ in thousands 365,623 363,089 340,840 318,478 313,895 290,426 290,424 317,652 331,339 373,216 403,821 396,407 391,866 374,662 365,494 343,634 336,794 322,289 299,350 284,511
Gross profit margin 84.56% 80.05% 78.70% 80.15% 83.23% 86.36% 88.60% 92.40% 95.84% 99.01% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $309,159K ÷ $365,623K
= 84.56%

Throughout the historical period from March 31, 2020, to December 31, 2024, Innoviva Inc has displayed strong and consistent gross profit margins of 100.00% until the quarter ending September 30, 2022, when there was a slight decrease to 99.01%. This minor dip was followed by a progressive decline in the gross profit margin over subsequent quarters. by the end of December 31, 2024, the gross profit margin had decreased to 84.56%.

The downward trend seen in the gross profit margin indicates that Innoviva Inc may be facing challenges in maintaining profitability on its core business operations. Analysts may want to further investigate the reasons behind this decline in profitability, as it could be attributed to various factors such as increasing costs of goods sold, pricing pressures, or inefficiencies in the production process.

Overall, the gradual decrease in gross profit margin for Innoviva Inc over the analyzed period suggests potential concerns regarding the company's ability to effectively manage costs and generate profits from its primary business activities. Further monitoring and analysis of financial performance metrics are recommended to assess the company's financial health and sustainability.