Applied Materials Inc (AMAT)

Gross profit margin

		Oct 31, 2024	Oct 27, 2024	Oct 31, 2023	Oct 29, 2023	Oct 31, 2022
Gross profit	US$ in thousands	12,897,000	12,897,000	12,384,000	12,384,000	11,993,000
Revenue	US$ in thousands	27,176,000	27,176,000	26,517,000	26,274,000	25,785,000
Gross profit margin		47.46%	47.46%	46.70%	47.13%	46.51%

October 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $12,897,000K ÷ $27,176,000K
= 47.46%

Based on the provided data, Applied Materials Inc's gross profit margin has shown a fluctuating trend over the years. The gross profit margin was 46.51% as of October 31, 2022, which increased to 47.13% by October 29, 2023. However, by October 31, 2023, the gross profit margin slightly decreased to 46.70%. Subsequently, there was a notable increase to 47.46% by both October 27, 2024 and October 31, 2024. These fluctuations in the gross profit margin indicate that the company has been able to manage its cost of goods sold effectively and improve its profitability over time.