Insperity Inc (NSP)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,036,800	1,011,230	820,102	806,854	732,934
Revenue	US$ in thousands	6,458,730	5,924,610	4,965,610	4,278,990	4,307,160
Gross profit margin		16.05%	17.07%	16.52%	18.86%	17.02%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,036,800K ÷ $6,458,730K
= 16.05%

Insperity Inc has consistently maintained a gross profit margin of 100% over the past five years, indicating that the company effectively manages its production costs and generates high levels of revenue relative to the cost of goods sold. This stable gross profit margin suggests strong pricing power, efficient operations, and potentially a competitive advantage in its industry. The company's ability to consistently achieve a gross profit margin of 100% reflects a healthy financial performance and effective cost control measures.