LeMaitre Vascular Inc (LMAT)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	127,049	119,838	114,093	109,817	104,896	104,798	104,594	103,545	101,382	99,828	97,666	87,934	84,618	80,124	77,586	80,872	79,853	79,163	76,252	74,929
Revenue (ttm)	US$ in thousands	289,940	282,011	312,579	295,977	281,639	280,188	278,441	275,316	267,547	265,592	262,196	231,031	220,642	213,264	198,609	208,001	203,956	202,175	168,273	142,095
Gross profit margin		43.82%	42.49%	36.50%	37.10%	37.24%	37.40%	37.56%	37.61%	37.89%	37.59%	37.25%	38.06%	38.35%	37.57%	39.06%	38.88%	39.15%	39.16%	45.31%	52.73%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $127,049K ÷ $289,940K
= 43.82%

The gross profit margin for Lemaitre Vascular Inc has been relatively stable over the past eight quarters, ranging from 64.40% to 65.66%. This indicates that the company has been consistently able to effectively manage its production costs and pricing strategies to generate a healthy level of gross profit from its sales. The slight fluctuations within this range are not significant and suggest that the company has maintained a consistent level of profitability in relation to its revenue over the periods analyzed. Overall, Lemaitre Vascular Inc appears to have a strong and stable gross profit margin performance.