Remitly Global Inc (RELY)
14.33
-0.35
(-2.38%)
USD |
NASDAQ |
May 10, 16:00
14.30
-0.04
(-0.24%)
After-Hours: 20:00
Remitly Global Gross Profit Margin (Quarterly): 59.13% for March 31, 2024
Gross Profit Margin (Quarterly) Chart
Historical Gross Profit Margin (Quarterly) Data
Date | Value |
---|---|
March 31, 2024 | 59.13% |
December 31, 2023 | 58.82% |
September 30, 2023 | 55.75% |
June 30, 2023 | 56.56% |
March 31, 2023 | 53.89% |
December 31, 2022 | 52.31% |
September 30, 2022 | 48.00% |
June 30, 2022 | 50.60% |
Date | Value |
---|---|
March 31, 2022 | 48.44% |
December 31, 2021 | 48.60% |
September 30, 2021 | 50.87% |
June 30, 2021 | 47.50% |
March 31, 2021 | 45.37% |
December 31, 2020 | 45.27% |
September 30, 2020 | 50.30% |
Gross Profit Margin Definition
Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.
Gross Profit Margin (Quarterly) Range, Past 5 Years
45.27%
Minimum
Dec 2020
59.13%
Maximum
Mar 2024
51.43%
Average
50.60%
Median
Jun 2022
Gross Profit Margin (Quarterly) Benchmarks
Progress Software Corp | 82.24% |
Cantaloupe Inc | 37.20% |
Paycor HCM Inc | 68.59% |
Aurora Innovation Inc | -- |
AtlasClear Holdings Inc | -- |
Gross Profit Margin (Quarterly) Related Metrics
Return on Equity | -21.14% |
Return on Assets | -12.43% |
Return on Invested Capital | -18.80% |
Profit Margin (Quarterly) | -7.83% |
Operating Margin (Quarterly) | -7.41% |
Return on Net Operating Assets | -18.36% |