LeMaitre Vascular Inc (LMAT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 127,049 | 104,896 | 101,382 | 84,618 | 79,853 |
| Revenue | US$ in thousands | 387,188 | 321,568 | 306,513 | 257,563 | 234,262 |
| Gross profit margin | 32.81% | 32.62% | 33.08% | 32.85% | 34.09% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $127,049K ÷ $387,188K
= 32.81%
Based on the data provided for Lemaitre Vascular Inc, the gross profit margin has demonstrated consistency over the past five years. The company's gross profit margin ranged from 64.89% to 68.12%, with a slight fluctuation in each year but generally staying within a narrow band.
The trend indicates that Lemaitre Vascular Inc has been able to effectively manage its direct production costs relative to its sales revenue. The consistently high gross profit margin reflects the company's ability to maintain a strong pricing strategy, control production costs, or possibly introduce more cost-effective production methods.
Overall, Lemaitre Vascular Inc's gross profit margin trend suggests operational efficiency and effective cost management in its core business activities.
Peer comparison
Dec 31, 2023