STAAR Surgical Company (STAA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 252,651 | 223,383 | 178,637 | 118,362 | 111,954 |
| Revenue | US$ in thousands | 322,415 | 284,391 | 230,472 | 163,460 | 150,185 |
| Gross profit margin | 78.36% | 78.55% | 77.51% | 72.41% | 74.54% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $252,651K ÷ $322,415K
= 78.36%
The gross profit margin of STAAR Surgical Company has displayed a relatively stable trend over the past five years. From 2019 to 2020, there was a noticeable increase, suggesting improved efficiency in production and cost management. This improvement was sustained in the subsequent years, with the margin remaining consistently high, ranging from 77.51% to 78.55%. This indicates that the company has been effectively controlling its direct costs related to producing goods, resulting in a high percentage of revenue retained as gross profit. The company's ability to consistently maintain a high gross profit margin reflects its operational effectiveness and competitive positioning within the industry.
Peer comparison
Dec 31, 2023