Varex Imaging Corp (VREX)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 290,300 | 283,500 | 271,500 | 190,200 | 256,700 |
| Revenue | US$ in thousands | 893,400 | 859,400 | 818,100 | 738,300 | 780,600 |
| Gross profit margin | 32.49% | 32.99% | 33.19% | 25.76% | 32.88% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $290,300K ÷ $893,400K
= 32.49%
The gross profit margin of Varex Imaging Corp has been relatively consistent over the past five years, with fluctuations within a relatively narrow range. The trend indicates a slight decrease in the gross profit margin from 33.19% in 2021 to 32.49% in 2023. Despite this decrease, the company has maintained a gross profit margin above 30% throughout the period, indicating a healthy level of profitability from its core operations. It is essential to further investigate the factors contributing to the fluctuations in the gross profit margin to assess the company's operational efficiency and pricing strategies.
Peer comparison
Sep 30, 2023