American Woodmark Corporation (AMWD)
Gross profit margin
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 377,807 | 357,524 | 226,444 | 322,118 | 346,473 |
| Revenue | US$ in thousands | 1,847,500 | 2,066,200 | 1,857,190 | 1,744,010 | 1,645,320 |
| Gross profit margin | 20.45% | 17.30% | 12.19% | 18.47% | 21.06% |
April 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $377,807K ÷ $1,847,500K
= 20.45%
American Woodmark Corporation's gross profit margin has fluctuated over the past five years. In the most recent fiscal year ending April 30, 2024, the company achieved a gross profit margin of 20.45%, showing an improvement compared to the previous year. The gross profit margin was the highest in April 30, 2019, at 21.06%, before experiencing a decline in the following years.
The increase in the gross profit margin in 2024 could indicate improved efficiency in cost management or an increase in selling prices relative to the cost of goods sold. However, further analysis would be needed to determine the specific factors driving this improvement.
Over the five-year period, the company appears to have maintained gross profit margins within a relatively narrow range, with some fluctuations observed. This consistency in gross profit margins suggests that American Woodmark Corporation has been able to effectively manage its costs and pricing strategies over the years.