Inari Medical Inc (NARI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 434,564 | 338,965 | 252,227 | 126,564 |
| Revenue | US$ in thousands | 493,364 | 383,471 | 276,984 | 139,670 |
| Gross profit margin | 88.08% | 88.39% | 91.06% | 90.62% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $434,564K ÷ $493,364K
= 88.08%
The gross profit margin of Inari Medical Inc has shown a slight decrease from 91.06% in 2021 to 88.03% in 2023. This decline indicates that the company's ability to generate profits from its core operations has decreased slightly over the past three years. However, it is important to note that even with this decrease, Inari Medical Inc still maintains a strong gross profit margin above 88%, reflecting its efficiency in managing production costs and pricing strategies to preserve a significant portion of revenue as gross profit. Further analysis of the underlying factors contributing to this decrease would be necessary to understand any potential impacts on the company's overall profitability and competitiveness in the market.
Peer comparison
Dec 31, 2023