AeroVironment Inc (AVAV)
Gross profit margin
| Apr 30, 2024 | Apr 30, 2023 | Apr 30, 2022 | Apr 30, 2021 | Apr 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 283,931 | 173,514 | 141,236 | 164,558 | 153,102 |
| Revenue | US$ in thousands | 715,090 | 538,194 | 480,176 | 437,161 | 428,516 |
| Gross profit margin | 39.71% | 32.24% | 29.41% | 37.64% | 35.73% |
April 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $283,931K ÷ $715,090K
= 39.71%
The gross profit margin of AeroVironment Inc has shown variability over the five-year period from April 30, 2020, to April 30, 2024. In the most recent fiscal year, ending on April 30, 2024, the gross profit margin improved significantly to 39.71%, reflecting an increase from the previous year. This rise in gross profit margin indicates that the company was able to effectively control its cost of goods sold relative to its revenue, resulting in higher profitability at the gross level.
Comparing the gross profit margin for April 30, 2024, to the margins in prior years, we observe a notable improvement from the lower margins reported in April 30, 2022 (29.41%) and April 30, 2023 (32.24%). However, it is important to note that the gross profit margin for the most recent year is still below the level achieved in the fiscal year ending on April 30, 2021 (37.64%) and April 30, 2020 (35.73%).
The fluctuation in AeroVironment Inc's gross profit margin over the years may be attributed to various factors such as changes in pricing strategies, cost efficiencies, fluctuations in raw material costs, or shifts in product mix. Moving forward, investors and analysts may want to monitor the company's ability to sustain and potentially improve its gross profit margin to ensure continued profitability and operational efficiency.
Peer comparison
Apr 30, 2024