Silicon Laboratories Inc (SLAB)

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	460,586	573,957	620,517	640,645	642,557	613,091	557,015	489,410	425,392	381,496	347,471	317,752	355,164	174,430	233,036	293,506	280,214	507,256	508,793	513,036
Revenue (ttm)	US$ in thousands	782,258	952,738	1,018,795	1,037,079	1,024,106	975,461	890,475	796,817	720,860	658,009	605,909	550,767	607,787	681,396	771,959	864,318	837,554	833,650	840,599	850,996
Gross profit margin		58.88%	60.24%	60.91%	61.77%	62.74%	62.85%	62.55%	61.42%	59.01%	57.98%	57.35%	57.69%	58.44%	25.60%	30.19%	33.96%	33.46%	60.85%	60.53%	60.29%

December 31, 2023 calculation

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

The gross profit margin of Silicon Laboratories Inc has shown some fluctuations over the past 20 quarters. It ranged from a low of 25.60% in the first quarter of 2020 to a high of 62.85% in the third quarter of 2022. Overall, the trend indicates a general decline in the gross profit margin from 60.85% in the fourth quarter of 2019 to 58.88% in the fourth quarter of 2023.

However, it is important to note that the company's gross profit margin has recently improved from the low points in 2020. This may suggest that Silicon Laboratories Inc has taken steps to enhance its efficiency in generating profits from its revenue. Further analysis of the company's financial performance and strategic moves would be needed to gain a deeper understanding of the factors influencing these fluctuations in the gross profit margin.