Varex Imaging Corp (VREX)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 284,100 | 290,300 | 286,800 | 283,900 | 282,000 | 283,500 | 284,600 | 285,300 | 279,100 | 271,500 | 241,100 | 193,300 | 186,300 | 190,200 | 216,600 | 251,000 | 257,800 | 256,700 | 244,300 | 246,600 |
| Revenue (ttm) | US$ in thousands | 879,200 | 894,700 | 913,200 | 893,400 | 876,100 | 864,900 | 860,000 | 855,500 | 845,000 | 823,100 | 745,000 | 708,700 | 708,000 | 738,300 | 769,500 | 796,800 | 794,700 | 780,600 | 767,300 | 766,900 |
| Gross profit margin | 32.31% | 32.45% | 31.41% | 31.78% | 32.19% | 32.78% | 33.09% | 33.35% | 33.03% | 32.99% | 32.36% | 27.28% | 26.31% | 25.76% | 28.15% | 31.50% | 32.44% | 32.88% | 31.84% | 32.16% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $284,100K ÷ $879,200K
= 32.31%
The gross profit margin of Varex Imaging Corp has shown some fluctuations over the past few years, ranging from a low of 25.76% in September 2020 to a high of 33.35% in March 2022. Overall, the trend in gross profit margin has been relatively stable, hovering around the low 30s percentage range.
The company's ability to generate profits from its core operations has shown resilience, as evidenced by the consistent gross profit margins. However, there was a notable drop in March 2021 and June 2021, where the gross profit margin fell to 27.28% and 28.15% respectively. This could indicate potential challenges or temporary setbacks in the company's cost structure or pricing strategy during that period.
The recent gross profit margin in December 2023 is 32.31%, which is in line with the historical averages of the company. This stable performance suggests that Varex Imaging Corp has been able to maintain its profitability levels amidst changing market conditions and industry dynamics.
In conclusion, Varex Imaging Corp's gross profit margin has been relatively consistent over the analyzed periods, reflecting the company's ability to manage its cost of goods sold effectively and generate profits from its products and services.
Peer comparison
Dec 31, 2023