Omnicell Inc (OMCL)
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 | 496,840 | 513,189 | 540,320 | 563,969 | 588,987 | 616,527 | 604,211 | 582,417 | 554,653 | 529,014 | 479,026 | 425,953 | 413,292 | 413,241 | 428,597 | 449,417 | 436,912 | 415,492 | 402,254 | 386,992 |
| Revenue (ttm) | US$ in thousands | 1,190,083 | 1,226,542 | 1,272,662 | 1,315,183 | 1,344,391 | 1,353,971 | 1,296,691 | 1,226,490 | 1,155,217 | 1,093,879 | 1,013,703 | 942,467 | 926,289 | 968,427 | 974,187 | 981,817 | 945,018 | 860,485 | 835,947 | 807,207 |
| Gross profit margin | 41.75% | 41.84% | 42.46% | 42.88% | 43.81% | 45.53% | 46.60% | 47.49% | 48.01% | 48.36% | 47.26% | 45.20% | 44.62% | 42.67% | 44.00% | 45.77% | 46.23% | 48.29% | 48.12% | 47.94% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $496,840K ÷ $1,190,083K
= 41.75%
Omnicell, Inc. has demonstrated a consistent trend of declining gross profit margin over the past eight quarters. The gross profit margin has decreased from 48.58% in Q1 2022 to 43.31% in Q4 2023. This decline may indicate challenges in managing production costs or pricing strategies. It is essential for the company to closely monitor and address the factors contributing to this downward trend to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Omnicell Inc
OMCL
41.75%
Apple Inc
AAPL
46.21%
Super Micro Computer Inc
SMCI
16.39%