Universal Display (OLED)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 441,053 | 488,723 | 438,534 | 343,389 | 329,803 |
| Revenue | US$ in thousands | 576,429 | 616,619 | 553,525 | 428,867 | 405,177 |
| Gross profit margin | 76.51% | 79.26% | 79.23% | 80.07% | 81.40% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $441,053K ÷ $576,429K
= 76.51%
The gross profit margin of Universal Display Corp. has displayed a declining trend over the past five years, reducing from 81.40% in 2019 to 76.51% in 2023. This downward trend suggests a decrease in the percentage of revenue retained by the company after accounting for the cost of goods sold. Factors contributing to this decline may include changes in production costs, pricing strategies, or efficiency in the manufacturing process. It is worth further investigating the company's cost structure and possible reasons behind the diminishing gross profit margin to assess the overall financial health and operational efficiency of Universal Display Corp.
Peer comparison
Dec 31, 2023