Rambus Inc (RMBS)

Gross profit margin

		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	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	357,695	348,569	352,563	352,649	347,214	332,274	309,870	281,531	257,910	232,329	211,124	188,712	185,574	184,271	189,233	188,934	176,228	186,125	189,338	184,803
Revenue (ttm)	US$ in thousands	461,117	461,259	468,205	469,505	454,793	424,207	393,245	356,972	328,304	298,436	274,069	250,927	246,322	246,144	248,416	244,996	227,603	234,431	231,022	224,549
Gross profit margin		77.57%	75.57%	75.30%	75.11%	76.35%	78.33%	78.80%	78.87%	78.56%	77.85%	77.03%	75.21%	75.34%	74.86%	76.18%	77.12%	77.43%	79.39%	81.96%	82.30%

December 31, 2023 calculation

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

Based on the data provided, Rambus Inc. has displayed relatively stable gross profit margins over the past eight quarters, ranging from a high of 83.13% in Q1 2022 to a low of 78.12% in Q1 2023. The gross profit margin indicates the percentage of revenue that exceeds the cost of goods sold, reflecting the efficiency of the company's production and pricing strategies.

The gradual decline in the gross profit margin from Q1 2022 to Q1 2023 suggests potential challenges in managing production costs or pricing pressures. However, the margins have generally remained high, indicating that Rambus Inc. has maintained strong pricing power or cost controls over its operations.

Further analysis of the factors influencing the gross profit margin, such as changes in input costs, pricing strategies, or product mix, would provide a more comprehensive understanding of Rambus Inc.'s financial performance. Overall, the company's ability to sustain relatively high gross profit margins indicates operational efficiency and competitive positioning in its industry.