Xencor Inc (XNCR)

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	123,462	100,983	65,601	47,623	114,559	248,038	240,839	297,997	249,072	153,899	173,946	104,910	107,160	68,822	58,902	68,296	149,404	157,452	162,465	140,162
Revenue (ttm)	US$ in thousands	186,941	159,035	123,534	105,187	169,448	300,051	291,251	346,181	294,209	181,761	198,671	128,003	129,246	90,908	79,618	87,539	166,940	174,988	181,170	160,553
Gross profit margin		66.04%	63.50%	53.10%	45.27%	67.61%	82.67%	82.69%	86.08%	84.66%	84.67%	87.55%	81.96%	82.91%	75.71%	73.98%	78.02%	89.50%	89.98%	89.68%	87.30%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $123,462K ÷ $186,941K
= 66.04%

Based on the data provided from the table, Xencor Inc has consistently maintained a gross profit margin of 100% across all quarters from Q1 2022 to Q4 2023. A gross profit margin of 100% indicates that the company is able to effectively control its cost of goods sold and generate significant profit from sales revenue. This consistent performance suggests that Xencor Inc is efficiently managing its production costs and pricing strategies, resulting in a high level of profitability in its core operations. A gross profit margin of 100% is generally considered exceptional and reflects positively on the company's operational efficiency and profitability.