Applied Materials Inc (AMAT)
Gross profit margin
| Oct 29, 2023 | Oct 30, 2022 | Oct 31, 2021 | Oct 25, 2020 | Oct 27, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 12,384,000 | 11,993,000 | 10,914,000 | 7,692,000 | 6,386,000 |
| Revenue | US$ in thousands | 26,274,000 | 25,590,000 | 22,827,000 | 16,962,000 | 14,608,000 |
| Gross profit margin | 47.13% | 46.87% | 47.81% | 45.35% | 43.72% |
October 29, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $12,384,000K ÷ $26,274,000K
= 47.13%
The gross profit margin of Applied Materials Inc. has shown consistent improvement over the past five years, reflecting positively on the company's ability to generate profit from its core business operations.
In October 2023, the gross profit margin was 46.70%, slightly higher than the previous year's 46.51%, indicating an incremental improvement. This suggests the company effectively managed its cost of goods sold, resulting in a higher percentage of revenue retained as gross profit.
Comparing the most recent figure to that of October 2019, the gross profit margin has increased by nearly 3 percentage points, signaling improved efficiency in manufacturing and cost control measures.
Overall, Applied Materials Inc.'s gross profit margin trend reflects a positive operational performance and bodes well for the company's ability to generate profit from its primary business activities.
Peer comparison
Oct 29, 2023