AeroVironment Inc (AVAV)
Gross profit margin
| Apr 30, 2024 | Jan 27, 2024 | Oct 28, 2023 | Jul 29, 2023 | Apr 30, 2023 | Jan 28, 2023 | Oct 29, 2022 | Jul 30, 2022 | Apr 30, 2022 | Jan 29, 2022 | Oct 30, 2021 | Jul 31, 2021 | Apr 30, 2021 | Oct 31, 2020 | Aug 1, 2020 | Apr 30, 2020 | Jul 27, 2019 | Apr 30, 2019 | Oct 27, 2018 | Jul 28, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 283,931 | 276,697 | 254,920 | 205,460 | 173,514 | 153,736 | 129,662 | 146,227 | 141,236 | 152,269 | 171,684 | 164,640 | 189,085 | 170,702 | 166,874 | 159,862 | 139,283 | 135,034 | 128,403 | 128,403 |
| Revenue (ttm) | US$ in thousands | 715,435 | 704,843 | 652,660 | 583,428 | 539,407 | 496,023 | 461,264 | 482,030 | 485,044 | 478,879 | 471,908 | 427,008 | 451,353 | 402,249 | 397,514 | 383,043 | 325,863 | 356,333 | 323,036 | 315,858 |
| Gross profit margin | 39.69% | 39.26% | 39.06% | 35.22% | 32.17% | 30.99% | 28.11% | 30.34% | 29.12% | 31.80% | 36.38% | 38.56% | 41.89% | 42.44% | 41.98% | 41.73% | 42.74% | 37.90% | 39.75% | 40.65% |
April 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $283,931K ÷ $715,435K
= 39.69%
The gross profit margin of AeroVironment Inc has shown some fluctuations over the last few quarters. It stood at 39.69% as of April 30, 2024, which indicates that the company retained around 39.69 cents from each dollar of revenue after accounting for the cost of goods sold.
Comparing this figure to previous periods, we can observe some variability. The gross profit margins ranged from a low of 28.11% on October 29, 2022, to a high of 42.44% on April 30, 2021. Generally, a higher gross profit margin is favorable as it suggests that the company is able to generate more profit from its core operations.
The trend in gross profit margins indicates a slight decline from the high points in 2021 to a stabilization around the 39% mark in recent quarters. It may be worth investigating the factors contributing to these fluctuations to assess the company's ability to maintain profitability and cost efficiency.
Overall, a gross profit margin in the range of 39-42% is considered healthy for most companies, but it is essential for AeroVironment Inc to closely monitor this metric and strive for consistency and improvement where possible.
Peer comparison
Apr 30, 2024