STAAR Surgical Company (STAA)
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 | 252,651 | 241,711 | 238,535 | 231,681 | 223,383 | 218,589 | 203,428 | 188,759 | 178,637 | 167,947 | 157,517 | 132,744 | 118,362 | 112,885 | 107,065 | 112,534 | 111,954 | 106,122 | 100,931 | 96,259 |
| Revenue (ttm) | US$ in thousands | 322,415 | 310,186 | 305,924 | 294,719 | 284,391 | 279,348 | 261,654 | 242,920 | 230,472 | 217,469 | 206,198 | 179,025 | 163,460 | 156,345 | 148,319 | 152,789 | 150,185 | 142,488 | 135,203 | 129,444 |
| Gross profit margin | 78.36% | 77.92% | 77.97% | 78.61% | 78.55% | 78.25% | 77.75% | 77.70% | 77.51% | 77.23% | 76.39% | 74.15% | 72.41% | 72.20% | 72.19% | 73.65% | 74.54% | 74.48% | 74.65% | 74.36% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $252,651K ÷ $322,415K
= 78.36%
STAAR Surgical Company's gross profit margin has shown a generally increasing trend over the past five quarters, from 74.36% in Q1 2019 to 78.36% in Q4 2023. This indicates that the company has been able to effectively manage its cost of goods sold and generate a higher proportion of revenue as gross profit. The year-over-year improvement in the gross profit margin reflects the company's ability to increase efficiency in production and pricing strategies, leading to stronger profitability. In particular, the significant increase from 72.41% in Q4 2021 to 78.36% in Q4 2023 suggests successful cost containment measures or pricing adjustments. Overall, the rising trend in the gross profit margin indicates a positive financial performance for STAAR Surgical Company in terms of generating profits from its core operations.
Peer comparison
Dec 31, 2023