Revvity Inc. (RVTY)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,267,120	1,989,830	2,433,990	2,109,880	1,396,060
Revenue	US$ in thousands	2,750,570	3,311,820	3,827,810	3,782,740	2,883,670
Gross profit margin		46.07%	60.08%	63.59%	55.78%	48.41%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,267,120K ÷ $2,750,570K
= 46.07%

The gross profit margin of Revvity Inc. has shown variability over the past five years. In 2023, the gross profit margin was 55.98%, representing a decrease from the previous year's margin of 60.08%. Despite this decline, the margin still remains relatively strong compared to the levels seen in 2021 and 2020, which stood at 56.27% and 55.78% respectively. Notably, there was a significant improvement in the gross profit margin from 2019 to 2020, where it increased from 48.41% to 55.78%.

Overall, the gross profit margin of Revvity Inc. has exhibited fluctuations, reflecting changes in the company's ability to generate profit from its core business operations. Further in-depth analysis would be necessary to understand the factors driving these fluctuations and assess the company's overall profitability and efficiency in managing its cost of goods sold.