Universal Display (OLED)
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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 441,053 | 457,686 | 474,017 | 468,913 | 488,723 | 463,793 | 452,770 | 445,139 | 438,534 | 439,075 | 420,639 | 364,273 | 343,389 | 312,371 | 298,899 | 347,670 | 329,803 | 298,094 | 279,292 | 229,710 |
| Revenue (ttm) | US$ in thousands | 576,429 | 587,141 | 606,620 | 596,616 | 616,619 | 593,834 | 576,896 | 569,995 | 553,525 | 548,821 | 522,282 | 450,590 | 428,867 | 389,053 | 369,489 | 429,689 | 405,177 | 373,591 | 353,626 | 291,607 |
| Gross profit margin | 76.51% | 77.95% | 78.14% | 78.60% | 79.26% | 78.10% | 78.48% | 78.10% | 79.23% | 80.00% | 80.54% | 80.84% | 80.07% | 80.29% | 80.90% | 80.91% | 81.40% | 79.79% | 78.98% | 78.77% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $441,053K ÷ $576,429K
= 76.51%
Universal Display Corp.'s gross profit margin has shown relative stability over the past eight quarters, ranging from a high of 79.26% in Q4 2022 to a low of 76.51% in Q4 2023. The trend indicates a slight decline in gross profit margin over the period, with the most recent quarter experiencing the lowest margin. However, the margins generally remain high, consistently above 75%, reflecting the company's strong ability to generate profit from its core operations. The company's ability to maintain gross profit margins above 75% signifies efficient cost management and pricing strategies, which could positively impact the company's overall profitability and financial performance.
Peer comparison
Dec 31, 2023