Lattice Semiconductor Corporation (LSCC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 514,670 | 452,050 | 321,675 | 245,306 | 238,422 |
| Revenue | US$ in thousands | 739,195 | 656,210 | 512,589 | 404,418 | 390,127 |
| Gross profit margin | 69.63% | 68.89% | 62.75% | 60.66% | 61.11% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $514,670K ÷ $739,195K
= 69.63%
The gross profit margin of Lattice Semiconductor Corporation has shown a general positive trend over the past five years, increasing from 61.11% in 2019 to 69.63% in 2023. This improvement indicates the company's ability to effectively control its production costs and generate higher profits from its core business activities. A higher gross profit margin suggests that the company is efficiently managing its cost of goods sold relative to its revenue, reflecting stronger pricing power or cost efficiencies. Overall, the consistent growth in the gross profit margin signifies the company's improving operational efficiency and profitability over the years.
Peer comparison
Dec 31, 2023