Qorvo Inc (QRVO)

Gross profit margin

		Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Gross profit	US$ in thousands	1,488,500	1,296,940	2,286,170	1,883,570	1,321,760
Revenue	US$ in thousands	3,769,510	3,569,400	4,645,710	4,015,310	3,239,140
Gross profit margin		39.49%	36.33%	49.21%	46.91%	40.81%

March 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,488,500K ÷ $3,769,510K
= 39.49%

The gross profit margin of Qorvo Inc has shown fluctuations over the past five years. In the most recent fiscal year ending on March 31, 2024, the gross profit margin stood at 39.49%, representing an increase from the previous year. However, compared to the data from fiscal year 2022, there has been a notable decline in the gross profit margin. Despite this fluctuation, Qorvo's gross profit margin has generally remained above 40% over the past three years, indicating a consistent level of profitability from the company's core operations. Further analysis would be needed to understand the specific factors influencing these fluctuations and their implications for Qorvo's overall financial performance and competitiveness within the industry.