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.