Power Integrations Inc (POWI)
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 | 228,956 | 250,102 | 276,192 | 320,189 | 366,907 | 392,729 | 392,433 | 376,903 | 360,639 | 341,468 | 309,298 | 271,521 | 243,590 | 227,810 | 226,372 | 224,408 | 213,402 | 203,182 | 202,056 | 206,718 |
Revenue (ttm) | US$ in thousands | 444,538 | 479,801 | 514,523 | 575,286 | 651,138 | 699,022 | 715,565 | 711,689 | 703,277 | 681,316 | 625,669 | 552,391 | 488,318 | 452,082 | 445,112 | 441,145 | 420,669 | 399,519 | 395,445 | 402,062 |
Gross profit margin | 51.50% | 52.13% | 53.68% | 55.66% | 56.35% | 56.18% | 54.84% | 52.96% | 51.28% | 50.12% | 49.43% | 49.15% | 49.88% | 50.39% | 50.86% | 50.87% | 50.73% | 50.86% | 51.10% | 51.41% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $228,956K ÷ $444,538K
= 51.50%
The gross profit margin of Power Integrations Inc. has exhibited a downward trend over the past eight quarters. The margin has decreased from 56.35% in Q4 2022 to 51.50% in Q4 2023. This indicates a declining profitability in terms of generating revenue after accounting for the cost of goods sold. While the company's gross profit margin fluctuated slightly quarter to quarter, the overall trend suggests a potential strain on the company's ability to maintain strong margins. It would be advisable for stakeholders to monitor this trend closely and investigate the factors influencing the decline to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023