Teleflex Incorporated (TFX)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,646,930	1,531,090	1,549,600	1,324,870	1,409,000
Revenue	US$ in thousands	2,908,220	2,757,200	2,758,900	2,489,840	2,525,140
Gross profit margin		56.63%	55.53%	56.17%	53.21%	55.80%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,646,930K ÷ $2,908,220K
= 56.63%

The gross profit margin of Teleflex Incorporated has shown fluctuations over the past five years. In 2023, the gross profit margin increased to 55.37% from 54.86% in 2022 and 55.15% in 2021. However, it was lower than the peak of 57.47% in 2019. The improvement in 2023 indicates the company's ability to efficiently manage production costs and generate profits from sales. Overall, despite some variability, Teleflex has maintained a relatively healthy gross profit margin, which is a positive indicator of its operational efficiency and profitability.