Intuitive Surgical Inc (ISRG)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	4,729,500	4,196,000	3,958,500	2,861,200	3,110,200
Revenue	US$ in thousands	7,616,100	6,548,300	5,970,600	4,546,000	4,583,900
Gross profit margin		62.10%	64.08%	66.30%	62.94%	67.85%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,729,500K ÷ $7,616,100K
= 62.10%

Intuitive Surgical Inc's gross profit margin has experienced fluctuations over the past five years. The trend shows a slight decline from 69.45% in 2019 to 66.39% in 2023, with intermittent increases and decreases in between. This indicates variability in the company's ability to generate profit from its core operations relative to its revenue. It is important for Intuitive Surgical Inc to closely monitor and analyze factors influencing its gross profit margin to sustain profitability and operational efficiency.