Qorvo Inc (QRVO)
Gross profit margin
| Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,488,495 | 1,221,352 | 1,101,525 | 1,150,762 | 1,296,942 | 1,752,567 | 2,032,609 | 2,115,235 | 2,286,168 | 2,244,304 | 2,233,963 | 2,103,960 | 1,883,566 | 1,690,872 | 1,521,231 | 1,353,263 | 1,321,763 | 1,252,555 | 1,222,807 | 1,252,739 |
| Revenue (ttm) | US$ in thousands | 3,769,502 | 3,461,217 | 3,130,638 | 3,185,208 | 3,569,404 | 4,102,861 | 4,473,540 | 4,570,730 | 4,645,720 | 4,552,290 | 4,533,160 | 4,338,200 | 4,015,301 | 3,730,343 | 3,504,586 | 3,250,994 | 3,239,141 | 3,132,251 | 3,095,508 | 3,173,253 |
| Gross profit margin | 39.49% | 35.29% | 35.19% | 36.13% | 36.33% | 42.72% | 45.44% | 46.28% | 49.21% | 49.30% | 49.28% | 48.50% | 46.91% | 45.33% | 43.41% | 41.63% | 40.81% | 39.99% | 39.50% | 39.48% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,488,495K ÷ $3,769,502K
= 39.49%
The gross profit margin of Qorvo Inc has shown fluctuations over the past quarters but has generally been on a decreasing trend since the peak of 49.30% in March 2022. The margin declined to 39.49% in March 2024, indicating that the company is retaining a lower percentage of revenue as gross profit for each dollar of sales. This decline could be attributed to various factors such as changes in production costs, pricing strategies, or sales volumes. Investors and stakeholders may monitor this trend to assess Qorvo's ability to manage costs and sustain profitability in the long term.
Peer comparison
Mar 31, 2024