Tandem Diabetes Care Inc (TNDM)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	367,690	412,986	376,215	260,520	194,212
Revenue	US$ in thousands	735,632	795,009	696,759	486,025	362,227
Gross profit margin		49.98%	51.95%	53.99%	53.60%	53.62%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $367,690K ÷ $735,632K
= 49.98%

The gross profit margin of Tandem Diabetes Care Inc has shown a slight decline over the past five years. From 2019 to 2023, the gross profit margin decreased from 53.60% to 49.17%, indicating a reduction in the percentage of revenue retained after accounting for the cost of goods sold. While the company experienced fluctuations in its gross profit margin over this period, the trend suggests a general downward trajectory. This could be a concerning indicator of potential challenges in managing production costs or pricing strategies that may be impacting the company's profitability. Further analysis and investigation into the factors influencing this trend would be necessary to determine the root causes and implications for Tandem Diabetes Care Inc's financial performance.