Silicon Laboratories Inc (SLAB)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	460,586	642,557	425,392	294,845	280,214
Revenue	US$ in thousands	782,258	1,024,110	720,860	510,928	473,785
Gross profit margin		58.88%	62.74%	59.01%	57.71%	59.14%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $460,586K ÷ $782,258K
= 58.88%

Silicon Laboratories Inc's gross profit margin has exhibited some fluctuation over the past five years. The trend shows a decrease from 59.14% in 2019 to 57.71% in 2020 but then an increase to 59.01% in 2021. However, in the most recent year of 2023, the gross profit margin decreased to 58.88%. Overall, the company's gross profit margin has been relatively healthy, with figures consistently above 50%. It is essential to further analyze the reasons behind the fluctuations to determine the impact on the company's profitability and efficiency in managing its cost of goods sold.