Ultra Clean Holdings Inc (UCTT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 277,300 | 465,000 | 430,000 | 291,800 | 196,800 |
| Revenue | US$ in thousands | 1,734,500 | 2,374,300 | 2,101,600 | 1,398,600 | 1,066,200 |
| Gross profit margin | 15.99% | 19.58% | 20.46% | 20.86% | 18.46% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $277,300K ÷ $1,734,500K
= 15.99%
Ultra Clean Holdings Inc's gross profit margin has experienced some fluctuation over the past five years. The margin declined from 18.46% in 2019 to 15.99% in 2023, indicating a decrease in the percentage of revenue retained after accounting for cost of goods sold. However, it is worth noting that the gross profit margin saw an uptick in 2022 at 19.58%, before decreasing again in 2023. Overall, the trend suggests some variability in the company's ability to generate profits from its core operations, with potential factors such as changes in pricing, production costs, or sales mix influencing these fluctuations.
Peer comparison
Dec 31, 2023