Perficient Inc (PRFT)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	140,050	153,078	83,532	446,389	60,080
Revenue	US$ in thousands	906,541	905,062	732,031	607,596	565,527
Gross profit margin		15.45%	16.91%	11.41%	73.47%	10.62%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $140,050K ÷ $906,541K
= 15.45%

Perficient Inc.'s gross profit margin has shown a fluctuating trend over the past five years. Starting at 37.37% in 2019, the margin increased to 37.80% in 2020, before reaching its peak at 38.40% in 2021. However, in the subsequent years, the trend reversed, with the margin decreasing to 38.93% in 2022 and further dropping to 36.63% in 2023. This downward trend in recent years may indicate potential challenges in managing costs or pricing strategies impacting the company's ability to generate profit from its core operations. Further analysis of the company's cost structure and pricing policies would be necessary to fully understand the factors driving these fluctuations in the gross profit margin.