Xencor Inc (XNCR)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	104,434	75,877	121,191	149,893	156,840	134,830	103,867	89,180	155,780	290,344	234,356	224,355	133,592	-26,518	-4,677	-52,996	-47,108	-64,837	-63,761	-47,206
Revenue (ttm)	US$ in thousands	110,493	85,164	133,618	162,181	168,338	145,259	113,394	98,046	164,579	296,985	289,369	326,641	275,111	162,949	178,632	124,274	122,694	84,356	70,750	77,146
Gross profit margin		94.52%	89.10%	90.70%	92.42%	93.17%	92.82%	91.60%	90.96%	94.65%	97.76%	80.99%	68.69%	48.56%	-16.27%	-2.62%	-42.64%	-38.39%	-76.86%	-90.12%	-61.19%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $104,434K ÷ $110,493K
= 94.52%

Xencor Inc's gross profit margin experienced significant fluctuations over the period under review. The margin was negative in the early part of the analyzed period, indicating that the company was facing challenges in generating profit from its sales. It reached its lowest point at -90.12% in June 2020, reflecting a substantial loss relative to its cost of goods sold.

However, starting from the end of 2020, there was a recovery in the gross profit margin, with a notable improvement in December 2021 when it turned positive at 48.56%. This positive trend continued in the subsequent quarters, reaching its peak of 94.52% in December 2024. This upward trajectory suggests that Xencor Inc was able to effectively control its production costs and improve its pricing strategies to enhance profitability.

Overall, the increasing trend in the gross profit margin indicates that Xencor Inc was able to enhance its operational efficiency and achieve better profitability from its sales over the analyzed period. The company's ability to consistently improve its gross profit margin is a positive sign of its financial health and management effectiveness.