Qualcomm Incorporated (QCOM)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 19,951,000 | 25,565,000 | 19,304,000 | 14,276,000 | 15,674,000 |
| Revenue | US$ in thousands | 35,820,000 | 44,200,000 | 33,566,000 | 23,531,000 | 24,273,000 |
| Gross profit margin | 55.70% | 57.84% | 57.51% | 60.67% | 64.57% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $19,951,000K ÷ $35,820,000K
= 55.70%
Qualcomm Incorporated's gross profit margin has shown a declining trend over the past five years, decreasing from 64.57% in 2019 to 55.70% in 2023. This indicates that the company's cost of goods sold as a percentage of revenue has been increasing over the years, leading to a lower gross profit margin. A declining gross profit margin could suggest potential challenges in managing production costs, pricing strategies, or competitive pressures affecting profitability. It is important for the company to closely monitor and address the factors impacting its gross profit margin to maintain healthy financial performance.
Peer comparison
Sep 30, 2023