Applied Industrial Technologies (AIT)
Gross profit margin
| Jun 30, 2024 | Jun 30, 2023 | Jun 30, 2022 | Jun 30, 2021 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,336,650 | 1,286,960 | 1,106,920 | 935,524 | 937,736 |
| Revenue | US$ in thousands | 4,477,670 | 4,387,870 | 3,784,480 | 3,203,600 | 3,212,740 |
| Gross profit margin | 29.85% | 29.33% | 29.25% | 29.20% | 29.19% |
June 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,336,650K ÷ $4,477,670K
= 29.85%
The gross profit margin of Applied Industrial Technologies has shown a consistent trend of hovering around the 29% mark over the past five years, with slight variations from 29.19% in 2020 to 29.85% in 2024. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue generation. The stability of the gross profit margin suggests that Applied Industrial Technologies has been able to maintain pricing strategies, control production costs, or a combination of both. Further analysis into the components contributing to the gross profit margin would provide additional insights into the company's operational efficiency and profitability.