Vicor Corporation (VICR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 204,929 | 180,559 | 178,200 | 131,447 | 122,966 |
| Revenue | US$ in thousands | 413,907 | 400,531 | 719,112 | 594,138 | 526,740 |
| Gross profit margin | 49.51% | 45.08% | 24.78% | 22.12% | 23.34% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $204,929K ÷ $413,907K
= 49.51%
The gross profit margin of Vicor Corp. has shown fluctuations over the past five years. In 2023, the gross profit margin increased to 50.59% from 45.24% in 2022, indicating an improvement in the company's ability to generate profit from its core operations. This could be attributed to factors such as better cost management, pricing strategies, or economies of scale.
Comparing the gross profit margin in 2023 to the figures of previous years, it appears to be higher than the margins in 2021 (49.59%), 2020 (44.32%), and 2019 (46.76%). This suggests that Vicor Corp. has become more efficient in controlling its production costs and/or has increased its pricing power over time.
It is important to delve deeper into the company's financial statements and operations to understand the specific drivers behind the changes in the gross profit margin. This analysis can provide insights into the company's competitiveness, profitability, and overall financial health.
Peer comparison
Dec 31, 2023