Apogee Enterprises Inc (APOG)
Gross profit margin
| Mar 2, 2024 | Nov 25, 2023 | Aug 26, 2023 | May 27, 2023 | Feb 25, 2023 | Nov 26, 2022 | Aug 27, 2022 | May 28, 2022 | Feb 26, 2022 | Nov 27, 2021 | Aug 28, 2021 | May 29, 2021 | Feb 27, 2021 | Nov 28, 2020 | Aug 29, 2020 | May 30, 2020 | Feb 29, 2020 | Nov 30, 2019 | Aug 31, 2019 | Jun 1, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 367,128 | 356,774 | 353,077 | 342,642 | 335,273 | 350,929 | 329,001 | 292,067 | 274,160 | 250,059 | 254,964 | 283,149 | 275,690 | 283,498 | 288,223 | 298,243 | 318,959 | 285,763 | 295,543 | 293,802 |
| Revenue (ttm) | US$ in thousands | 2,547,564 | 2,501,973 | 2,557,103 | 2,594,503 | 2,585,810 | 2,517,893 | 2,118,478 | 1,700,683 | 1,312,727 | 1,276,688 | 1,255,080 | 1,248,514 | 1,210,378 | 1,253,972 | 1,279,807 | 1,318,706 | 1,387,439 | 1,396,594 | 1,416,396 | 1,421,471 |
| Gross profit margin | 14.41% | 14.26% | 13.81% | 13.21% | 12.97% | 13.94% | 15.53% | 17.17% | 20.88% | 19.59% | 20.31% | 22.68% | 22.78% | 22.61% | 22.52% | 22.62% | 22.99% | 20.46% | 20.87% | 20.67% |
March 2, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $367,128K ÷ $2,547,564K
= 14.41%
The gross profit margin of Apogee Enterprises Inc has shown fluctuation over the past several quarters. It increased from 14.41% in March 2024 to 22.99% in February 2020, before experiencing a slight decrease to 20.67% in June 2019.
The gross profit margin indicates the percentage of revenue that exceeds the cost of goods sold. A higher gross profit margin suggests that the company is effectively managing its production costs and pricing strategies, which can lead to increased profitability.
Apogee's gross profit margin has generally been above 20% in recent quarters, indicating strong profitability relative to its cost of goods sold. However, the recent downward trend since March 2024 may warrant further investigation into the factors impacting the company's cost structure and pricing strategies.