Sitime Corporation (SITM)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	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
Gross profit (ttm)	US$ in thousands	104,495	92,344	82,794	76,709	82,089	96,156	123,535	160,771	182,963	197,326	191,725	165,878	139,462	108,410	83,617	66,773	57,932	50,309	45,554	41,945
Revenue (ttm)	US$ in thousands	202,697	176,989	154,811	138,673	143,994	162,431	200,006	251,696	283,606	298,507	288,441	253,519	218,808	183,341	152,979	129,956	116,156	103,971	96,629	90,999
Gross profit margin		51.55%	52.17%	53.48%	55.32%	57.01%	59.20%	61.77%	63.88%	64.51%	66.10%	66.47%	65.43%	63.74%	59.13%	54.66%	51.38%	49.87%	48.39%	47.14%	46.09%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $104,495K ÷ $202,697K
= 51.55%

Sitime Corporation has shown a consistent upward trend in its gross profit margin from March 31, 2020 to March 31, 2022, indicating an improving efficiency in generating profit from its sales. The margin increased gradually from 46.09% in March 2020 to 66.47% by June 30, 2022. This growth suggests that the company has been effectively managing its production costs and pricing strategies during this period.

However, from September 30, 2022, to December 31, 2024, the gross profit margin decreased from 66.10% to 51.55%. This decline may be indicative of potential challenges faced by the company, such as increasing production costs, pricing pressures, or changes in sales mix.

Overall, although the gross profit margin of Sitime Corporation experienced a significant improvement in the earlier period, the downward trend in the later years may require further analysis and strategic adjustments to sustain profitability levels.