PDF Solutions Inc (PDFS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 114,086 | 101,472 | 66,867 | 51,281 | 52,111 |
| Revenue | US$ in thousands | 165,835 | 149,379 | 111,060 | 88,046 | 85,585 |
| Gross profit margin | 68.79% | 67.93% | 60.21% | 58.24% | 60.89% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $114,086K ÷ $165,835K
= 68.79%
The gross profit margin of PDF Solutions Inc. has shown a generally increasing trend over the past five years, indicating improving efficiency in generating profits from its core operations. In 2023, the gross profit margin reached 68.79%, which was higher than the previous year's margin of 67.75%. This demonstrates the company's ability to effectively control its production costs and improve pricing strategies to enhance profitability.
Compared to the gross profit margin of 60.89% in 2019, the company has made significant progress in enhancing its operational efficiency and managing its cost of goods sold. The consistent growth in the gross profit margin reflects PDF Solutions' efforts to optimize its production processes and maintain a competitive position in the market.
Overall, the increasing trend in the gross profit margin of PDF Solutions Inc. suggests a positive trajectory for the company's financial performance and indicates effective management of operating costs and pricing strategies.
Peer comparison
Dec 31, 2023