Agilent Technologies Inc (A)
Gross profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,786,000 | 1,300,000 | 1,787,000 | 1,460,000 | 939,000 |
| Revenue | US$ in thousands | 6,531,000 | 6,784,000 | 6,774,000 | 6,236,000 | 5,271,000 |
| Gross profit margin | 27.35% | 19.16% | 26.38% | 23.41% | 17.81% |
October 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,786,000K ÷ $6,531,000K
= 27.35%
Agilent Technologies Inc's gross profit margin has exhibited fluctuations over the past five years. In fiscal year 2020, the gross profit margin stood at 17.81%, showing an increase to 23.41% in fiscal year 2021. This upward trend continued in fiscal year 2022 with a gross profit margin of 26.38%. However, a slight decline was observed in fiscal year 2023, where the gross profit margin decreased to 19.16%. Subsequently, in the most recent fiscal year 2024, there was a notable improvement in the gross profit margin, reaching 27.35%.
The varying gross profit margin percentages suggest changes in Agilent Technologies' ability to generate revenue after accounting for the cost of goods sold. A rising gross profit margin indicates an increase in profitability, possibly stemming from enhanced pricing strategies, cost efficiencies, or economies of scale. Conversely, a declining gross profit margin could signal challenges such as rising production costs, pricing pressure, or inefficiencies in operations. Overall, a consistent focus on optimizing costs and driving revenue growth is crucial for sustained improvement in Agilent Technologies' gross profit margin.
Peer comparison
Oct 31, 2024