Monolithic Power Systems Inc (MPWR)

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	Mar 31, 2019	Dec 31, 2018
Gross profit (ttm)	US$ in thousands	1,021,119	1,037,805	1,065,166	1,088,452	1,048,552	974,617	870,026	763,280	685,459	620,459	577,188	515,566	465,954	429,016	379,134	354,547	347,693	344,775	329,181	322,670
Revenue (ttm)	US$ in thousands	1,821,072	1,827,072	1,847,623	1,867,499	1,794,148	1,670,640	1,498,744	1,331,057	1,207,798	1,104,337	1,040,237	933,129	844,452	778,147	687,538	642,692	630,411	623,648	594,596	582,383
Gross profit margin		56.07%	56.80%	57.65%	58.28%	58.44%	58.34%	58.05%	57.34%	56.75%	56.18%	55.49%	55.25%	55.18%	55.13%	55.14%	55.17%	55.15%	55.28%	55.36%	55.41%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,021,119K ÷ $1,821,072K
= 56.07%

Monolithic Power System Inc's gross profit margin has shown a slight decline over the past four quarters, from 58.44% in Q4 2022 to 56.07% in Q4 2023. This trend indicates a decrease in the percentage of revenue retained after accounting for the cost of goods sold. Despite the fluctuations, the company has maintained relatively stable margins, ranging between 56% and 58% throughout the previous quarters. Further analysis of the factors influencing the cost of goods sold and pricing strategies may provide insights into the variations observed in the gross profit margin.