Penumbra Inc (PEN)

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	682,643	634,078	591,687	558,861	535,207	522,227	506,812	491,463	475,382	444,248	415,259	361,503	338,175	341,990	347,065	376,063	371,964	352,548	331,562	309,886
Revenue (ttm)	US$ in thousands	1,058,522	995,059	937,791	884,636	847,133	829,928	806,367	782,281	747,590	710,477	671,436	592,287	560,412	538,777	527,203	556,295	547,405	522,935	495,239	470,676
Gross profit margin		64.49%	63.72%	63.09%	63.17%	63.18%	62.92%	62.85%	62.82%	63.59%	62.53%	61.85%	61.04%	60.34%	63.48%	65.83%	67.60%	67.95%	67.42%	66.95%	65.84%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $682,643K ÷ $1,058,522K
= 64.49%

Penumbra Inc's gross profit margin has shown a relatively stable trend over the past eight quarters, ranging from 62.82% to 64.49%. The company has maintained a healthy level of gross profit margin, indicating its ability to effectively manage production costs and generate profits from sales. This consistent performance suggests that Penumbra Inc has a strong pricing strategy and efficient cost controls in place. Overall, the company's gross profit margin reflects its operational efficiency and profitability in generating revenue after accounting for the cost of goods sold.