Inari Medical Inc (NARI)

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
Gross profit (ttm)	US$ in thousands	434,564	414,119	387,370	364,606	338,965	319,260	299,996	276,238	252,227	222,214	191,825	155,091
Revenue (ttm)	US$ in thousands	493,364	469,933	439,579	413,142	382,874	346,212	335,938	306,140	276,785	257,782	209,685	171,036
Gross profit margin		88.08%	88.12%	88.12%	88.25%	88.53%	92.22%	89.30%	90.23%	91.13%	86.20%	91.48%	90.68%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $434,564K ÷ $493,364K
= 88.08%

Inari Medical Inc's gross profit margin has shown a consistent trend of high performance over the past eight quarters, ranging from 88.03% to 90.17%. The company has maintained an impressive level of efficiency in generating profits from its sales revenue. The slight fluctuations in the gross profit margin indicate that Inari Medical Inc has been able to effectively manage its cost of goods sold relative to its revenue. Overall, the consistently high gross profit margin reflects the company's ability to effectively control its production costs and generate strong profits from its core operations.