Omnicell Inc (OMCL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 496,840 | 588,987 | 554,653 | 413,292 | 436,912 |
| Revenue | US$ in thousands | 1,187,990 | 1,342,310 | 1,144,190 | 925,486 | 945,018 |
| Gross profit margin | 41.82% | 43.88% | 48.48% | 44.66% | 46.23% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $496,840K ÷ $1,187,990K
= 41.82%
Omnicell, Inc.'s gross profit margin has shown a declining trend over the past five years, decreasing from 48.71% in 2019 to 43.31% in 2023. This indicates that the company's cost of goods sold as a percentage of revenue has been increasing, resulting in lower profitability at the gross level. The peak gross profit margin of 49.00% in 2021 suggests that the company was able to effectively manage its production costs and pricing during that period.
The decreasing trend in gross profit margin may raise concerns about Omnicell's ability to maintain profitability and control costs effectively. Further analysis of the factors contributing to the decline in gross profit margin, such as changes in pricing strategies, input costs, or production efficiencies, would be necessary to provide a more accurate assessment of the company's operational performance.
Peer comparison
Dec 31, 2023