Rambus Inc (RMBS)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	357,695	347,214	257,910	185,574	176,228
Revenue	US$ in thousands	461,117	454,793	328,304	246,322	227,603
Gross profit margin		77.57%	76.35%	78.56%	75.34%	77.43%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $357,695K ÷ $461,117K
= 77.57%

Rambus Inc.'s gross profit margin has exhibited some fluctuations over the past five years. The trend indicates that the company's ability to generate profit from its core business operations has generally been strong, with the margin ranging from 77.07% in 2019 to a peak of 83.51% in 2021. In 2019, the gross profit margin was at the lower end of the spectrum, but it has shown improvement in subsequent years. The highest margin was achieved in 2021, reflecting efficient cost management and pricing strategies.

On a year-on-year basis, the gross profit margin has shown a positive trend, except for a slight dip in 2022 compared to 2021. In 2023, there was a marginal increase to 80.50%, indicating that the company has been able to maintain profitability levels despite potential challenges in the operating environment. Overall, Rambus Inc.'s gross profit margin demonstrates a favorable performance in capturing the profits generated from its sales revenue over the years.